Bitcoin Price Surpasses $106K, Nearing a New ATH Amidst Market Optimism

Key Points

• On May 19, Trump announced the start of negotiations towards a Ukraine-Russia ceasefire.
• Also, Michael Saylor revealed that Strategy₿ bought almost $765 million in BTC.

Bitcoin is nearing a new ATH amidst a bullish crypto market,  up by over 3% in the past 24 hours. Bitcoin price is pushed upwards by optimism stemming from the nearing of the Ukraine-Russia war and continued institutional interest.

Bitcoin Surpassed $106,000

At the moment of writing this article, Bitcoin is trading above $106,000, up by over 3% in the past 24 hours. The digital asset debuted an ascendant trajectory on May 19 from $102,000 levels, reaching almost $106,800 earlier today, May 20.

Bitcoin’s price rally is fuelled by market optimism and continued institutional interest in the digital asset.

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Trump Announced the Beginning of Ukraine-Russia Ceasefire Negotiations

On May 19, the US President Donald Trump announced that he had spoken with Russian President Vladimir Putin, and concluded that Russia and Ukraine would immediately begin negotiations towards a ceasefire and an end to the war.

The conditions will be negotiated between the two countries, and Russia also plans to do a large-scale trade with the US after the war is over. Trump revealed that there is a huge opportunity for Russia to create massive amounts of jobs and wealth, with unlimited potential.

Ukraine can also be a great beneficiary of the trade in the process of rebuilding the country.

Trump also said that negotiations are set to begin immediately, and he informed President Zelensky of Ukraine, Ursula von der Leyen, EC President, Emmanuel Macron, France’s President, Giorgia Meloni, Prime Minister of Italy, Friedrich Merz, German Chancellor, and Finland’s President, Alexander Stubb.

pic.twitter.com/q5CPyHZkLD

— Donald J. Trump (@realDonaldTrump) May 19, 2025

Apart from the prospect of this war ending, Bitcoin ‘s price surges due to continued institutional interest as well.

Bitcoin ETFs Inflows Continue

The US Bitcoin ETFs recorded their fourth consecutive day of inflows on May 19, above $667 million, the biggest inflow day since May 13, according to data from SoSoValue .

As of May 19, the total net assets in BTC ETFs were almost $125 billion, and the cumulative net inflow in the crypto products was $42,44 billion.

It’s also worth noting that Michael Saylor announced that Strategy₿ bought more Bitcoin last week.

Strategy₿ Bought 7,390 BTC

In a post on X, Saylor announced that Strategy₿ has acquired 7,390 BTC for approximately $764.9 million at $103,498 per Bitcoin.

So far, the company has achieved a BTC yield of 16.3%. Also, as of May 18, 2025, the company holds 576,230 BTC bought for over $40 billion at approximately $69,726 per coin.

Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of 16.3% YTD 2025. As of 5/18/2025, we hodl 576,230 $BTC acquired for ~$40.18 billion at ~$69,726 per bitcoin. $MSTR $STRK $STRF https://t.co/QwYKgLkfPX

— Michael Saylor (@saylor) May 19, 2025

At today’s prices, Strategy₿’s Bitcoin holdings are worth more than $61 billion.