Source: CNBC
“Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000. Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,012.00 at 07:03 a.m. London. … The price rise in world’s largest cryptocurrency is taking place despite a drop in U.S. stock markets on Wednesday. Bitcoin has typically correlated with equity markets, particularly the tech-heavy Nasdaq. The diverging movements of bitcoin and stocks could be the result of investors looking for alternative stores of value.” (05/22/25)
https://www.cnbc.com/2025/05/22/bitcoin-price-hits-new-record-high-above-111000.html