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- Bitcoin flies past $110K š
Bitcoin flies past $110K š
Bitcoin is now less than $2,000 away from its all-time high, and Circle's stock set its own record earlier Monday.
Andrew Hayward
June 09, 2025
š What you need to know
Bitcoin is flying in late afternoon trading Monday, topping $110,000 for the first time in June. At that level, itās now less than $2,000 away from the all-time high mark set in May, while coins like Ethereum, Dogecoin, and Solana are also up on the day.
The weekend didnāt slow the voracious appetite for stablecoin giant Circleās new stock, with CRCL surging to a new record price early Mondayāonly its third trading day.
At an intraday peak above $138, Circleās record mark is a 347% spike over last weekās original offering price. Even after cooling to about $115 by the close of trading, CRCL finished the day up 7%, with nearly 45 million shares trading hands.
Institutional investors like SBI Holdings and ARK Invest have bought up substantial stakes in the USDC issuer, while Bitwise and ProShares have rushed out filings to offer ETFs based on CRCL.
š Myriad Market of the Day
š¬ Quote of the Day
"Bitcoin has proven its value as a decentralized, stateless asset. One that sits outside the control of any single government or bloc. That neutrality is what gives it long-term appeal, especially for countries or institutions navigating between the U.S. and China."
