Bitcoin sets a weekly record for value growth

Bitcoin BTC $105,638.88 Bitcoin 0.64% Market capitalization $2.1 trillion VOL. 24 hours $2.32 billion ended last week with a new historical record of a weekly close of $ 106,500, the highest ever recorded. The previous maximum weekly close was recorded in December 2024 and amounted to $ 104,400. However, by Monday, May 19, the price had already fallen to $ 102,000.

The same week, the market leader closed the daily candle for the first time at $ 106,500, an event noted by crypto trader Scott Melker. The Rekt Capital analyst emphasized that a close above $ 105,000 forms a new market high. Since the beginning of May, the price has risen from $ 94,000 to $ 106,000, demonstrating a six-week increase that is reminiscent of a similar jump in November 2024.

A partner of Arete Capital, known as McKenna, drew attention to the return of the Coinbasepremium, an indicator of demand among American investors. In his opinion, the active growth on Sunday evening is atypical and may indicate the expectation of important news.

Analyst Willie Wu added that the slowdown in bitcoin’s compound annual growth rate (CAGR) is due to an increase in the network’s capitalization. According to his forecast, the annual growth will stabilize at 8% in 15−20 years. At the same time, he believes that even with this slowdown, BTC will remain the most profitable asset for long-term investment.

As a reminder, on May 12, the price of bitcoin already reached $ 105,700, which was driven by news of a trade agreement between the US and China.