Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

Bitcoin's BTC surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000.After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CoinDesk’s Bitcoin Price Index, modestly lower over the past 24 hours.Other cryptocurrencies took a hit as well, with ether ETH and solana SOL also slightly lower over the last day despite the early Wednesday run higher source: https://www.coindesk.com/markets/2025/05/21/bitcoin-backs-off-quickly-from-record-high-as-interest-rate-surge-hits-risk-assets