{"id":24094,"date":"2025-05-19T10:59:20","date_gmt":"2025-05-19T07:59:20","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-achieves-record-weekly-close\/"},"modified":"2025-05-19T10:59:20","modified_gmt":"2025-05-19T07:59:20","slug":"bitcoin-achieves-record-weekly-close","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-achieves-record-weekly-close\/","title":{"rendered":"Bitcoin Achieves Record Weekly Close"},"content":{"rendered":"<p>The leading cryptocurrency concluded the week at a record $106,500, nearing its all-time high, though by Monday the asset had fallen to $102,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-19_10-29-10-1024x565.png\" alt=\"BTCUSDT_2025-05-19_10-29-10\" class=\"wp-image-258955\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-19_10-29-10-1024x565.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-19_10-29-10-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-19_10-29-10-768x424.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-19_10-29-10.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The previous peak weekly close was $104,400 in December 2024. At the time of writing, Bitcoin is trading around $102,611 (-0.9% over the past 24 hours), according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.  <\/p>\n<p>On May 18, the asset also set a record daily close, although the day&#8217;s growth was not the most significant in history. <\/p>\n<p>For the first time, Bitcoin closed the daily candle at $106,500, noted crypto trader Scott Melker.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin just had its highest daily candle close\u2026 ever. <a href=\"https:\/\/t.co\/6qGKYx8VwA\">pic.twitter.com\/6qGKYx8VwA<\/a><\/p>\n<p>\u2014 The Wolf Of All Streets (@scottmelker) <a href=\"https:\/\/twitter.com\/scottmelker\/status\/1924253802766463357?ref_src=twsrc%5Etfw\">May 19, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Rekt Capital added: closing above $105,000 will form a &#8220;new high.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> Daily Close above ~$105000 and Bitcoin will develop a brand new Higher High<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1924139400390115614?ref_src=twsrc%5Etfw\">May 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The current six-week growth streak is reminiscent of the rally in November 2024, when Bitcoin gained $30,000 in less than a month. In May 2025, the price rose from $94,000 to $106,000.  <\/p>\n<p>Arete Capital partner, known as McKenna, noted the return of the &#8220;Coinbase premium&#8221;\u2014an indicator of U.S. demand.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Coinbase premium is back. Strength of this bid on a Sunday night feels strange.<\/p>\n<p>Possible someone knows some important news dropping next week.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/t.co\/ZvgKT9tuXI\">pic.twitter.com\/ZvgKT9tuXI<\/a><\/p>\n<p>\u2014 McKenna (@Crypto_McKenna) <a href=\"https:\/\/twitter.com\/Crypto_McKenna\/status\/1924254226189881605?ref_src=twsrc%5Etfw\">May 19, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The strong growth on a Sunday evening looks unusual. Perhaps market participants are expecting important news,&#8221; he suggested. <\/em><\/p>\n<\/blockquote>\n<p>Analyst Willy Woo linked the slowdown in Bitcoin&#8217;s annual growth rate (CAGR) to the increase in network capitalization.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here&#8217;s the actual CAGR chart. We are well past the 2017 year where we&#8217;d see many 100s of percent growth.<\/p>\n<p>Now look at 2020, that was the year BTC got institutionalised, corporations and sovereigns\u2026 <a href=\"https:\/\/t.co\/hcGAGZXkU5\">pic.twitter.com\/hcGAGZXkU5<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1924035000703283310?ref_src=twsrc%5Etfw\">May 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Bitcoin has become a macro asset: it will attract capital until it reaches equilibrium. In 15-20 years, growth will stabilize at 8% per year,&#8221; the expert stated.<\/em><\/p>\n<\/blockquote>\n<p>In his view, even amid a declining CAGR, digital gold will remain the most profitable instrument for long-term investors.  <\/p>\n<p>On May 12, the price of the leading cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-105000-amid-us-china-trade-deal\">momentarily rose<\/a> to $105,700 amid a U.S.-China trade deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency concluded the week at a record $106,500, nearing its all-time high, though by Monday the asset had fallen to $102,000. Weekly BTC\/USDT chart on Binance. Data: TradingView. The previous peak weekly close was $104,400 in December 2024. At the time of writing, Bitcoin is trading around $102,611 (-0.9% over the past 24 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-24094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24094"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24093"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}