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Bitcoin Hits Record High of $111,473 as U.S. Debt Downgrade Fuels Crypto Surge
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Bitcoin Hits Record High of $111,473 as U.S. Debt Downgrade Fuels Crypto Surge
Bitcoin, leading cryptocurrency soared to an all-time high of $111,473 on Thursday, May 22, 2025, driven by a combination of easing U.S.-China trade tensions and a U.S. debt downgrade by Moody’s, according to CNBC. Bitcoin Investors wary of a weakening U.S. dollar are increasingly turning to cryptocurrencies as an alternative store of value, fueling Bitcoin’s upward momentum. The downgrade highlighted concerns over mounting U.S. fiscal debt push…
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