Today's Bitcoin price update: Market value as of May 28th.
Bitcoin Soars to New Heights, Surpassing $108,000
Bitcoin, the leading virtual currency, currently trades at $108,233.88, according to Lemon's virtual wallet. This represents a 1.12% increase from its value 24 hours ago and a 0.86% rise compared to the same day last week. The token's market capitalization is currently at an impressive $2,151,195,997,664.
Over the past month leading up to late May 2025, Bitcoin has experienced significant growth in both price and market capitalization. It reached a new all-time high (ATH) price of approximately $111,500 on May 25, 2025, surpassing its previous peak from November 2024. This price surge equates to an 18% gain over the month.
In terms of market dominance, Bitcoin maintains a strong position, holding over 50% of the total cryptocurrency market by capitalization.
Bitcoin operates as a digital asset, stored in a "digital wallet" on a cell phone, computer, or tablet. Users can make transactions or transfer portions of a bitcoin between different digital wallets, with each transaction being recorded in a public list called blockchain. This public record enables the history of a bitcoin to be traced, preventing thefts, fake copies, or undone transactions.
There are three primary ways to obtain a bitcoin: buying with real money, selling goods and services and receiving payment in bitcoin, and "mining" or creating on a computer. To mine or create new bitcoins, powerful computers are required that, through the resolution of highly complex computational calculations, receive a bitcoin as a reward.
Institutional interest, favorable macroeconomic signals, and adoption by sovereign wealth funds in Asia and the Middle East have been key drivers in the recent bitcoin rally. Notably, over $45 billion in ETF inflows were recorded during May 2025.
In January 2025, Bitcoin hit a record high of over $107,000, but it declined amid geopolitical tariff tensions in April. A subsequent tariff pause announcement contributed to a rebound, pushing the market cap above $2 trillion.
As of May 28, the market cap was recorded at around $2.2 trillion, with roughly 19.87 million coins in circulation. Bitcoin continues to lead the cryptocurrency market, offering an increasingly accepted medium for purchasing products and services around the world.
- Amidst the ongoing surge in Bitcoin's value, the latest news in finance reported that Bitcoin's price has gone beyond $108,000, primarily due to institutional interest and favorable market conditions, particularly in the sectors of technology and finance.
- In the realm of technology and finance, the latest developments suggest that Bitcoin's growth is not confined to price alone. Its market capitalization has also reached an unprecedented $2,151,195,997,664, underscoring its continued dominance in the cryptocurrency market despite recent market fluctuations.
