05:18 AM EDT, 05/22/2025 (MT Newswires) -- Bitcoin rose to an all-time high of just over $111,000 on Wednesday before easing slightly to around $110,450.

The rally came as market sentiment recovered from last month's tariff-driven slump, helped by easing US-China trade tensions and renewed demand for alternative assets.

The cryptocurrency has gained steadily in recent weeks, with risk-on flows accelerating amid improving geopolitical signals and a search for inflation-resistant assets.

The move extends bitcoin's lead among digital assets, with no other cryptocurrency showing the same level of growth.