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As of May 24, 2025, Bitcoin (BTC) is trading at approximately $108,988 USD, reflecting a slight decline of about 2.3% over the past 24 hours. The cryptocurrency reached an intraday high of $111,658 and a low of $108,322.
Bitcoin's market capitalization stands at around $2.16 trillion, maintaining its position as the leading cryptocurrency by market cap. The circulating supply is approximately 19.87 million BTC, nearing its maximum supply limit of 21 million coins.
The recent price movement follows a surge earlier this week when Bitcoin reached an all-time high of nearly $112,000. This rally was influenced by increasing institutional interest, regulatory developments, and macroeconomic factors. Notably, the U.S. government's establishment of a Strategic Bitcoin Reserve, as per an executive order signed by President Trump in March 2025, has contributed to market optimism.
However, recent geopolitical tensions, including President Trump's announcement of potential tariffs on the European Union and Apple, have introduced volatility into the markets, leading to a pullback in Bitcoin's price.