The Incrypted team has prepared a fresh digest of key events in the world of cryptocurrencies. Bitcoin has set a new all-time high (ATH), the President of Argentina has closed the investigation into the LIBRA token, and Google has announced an important update to its AI products. Bitcoin Pizza Day and much more were also celebrated.
This is reported by Finway
Bitcoin Updates All-Time High
On May 21, 2025, Bitcoin reached a new record, surpassing the $111,900 mark. This achievement exceeded the previous ATH of $109,000 set in January 2024. However, shortly after, the cryptocurrency experienced a correction due to statements from U.S. President Donald Trump regarding the imposition of a 50% tariff on goods from the EU. On May 23, the price fell below $107,000, experiencing a decline of 4.5%. At the time of writing, Bitcoin is trading at $107,044, with a market capitalization holding at $2.12 trillion.
Key Events in the Cryptocurrency World
JPMorgan Chase has decided to allow its clients to purchase bitcoins, although it will not provide custodial services, aligning itself with Morgan Stanley. Indonesian fintech company DigiAsia Corp is investing up to $100 million in Bitcoin, planning to create a Bitcoin treasury and spend up to 50% of its profits on its purchase.
The cryptocurrency community celebrated Bitcoin Pizza Day on May 22, marking the 15th anniversary of the first purchase when programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC. According to a study by the Nakamoto project, 80% of Americans support the idea of partially converting U.S. gold reserves into Bitcoin.
Strategy (formerly MicroStrategy) plans to raise an additional $2.1 billion for investments in Bitcoin, while Ethereum’s share on exchanges has fallen to an all-time low, indicating a decrease in trading volumes.
“President of Argentina Javier Milei ordered the dissolution of the group investigating the circumstances of the LIBRA collapse.”