MarketsCurrenciesCryptocurrenciesPrint articleBitcoin hits record $US111,000 amid ‘stupendous’ buyingAlex GluyasDeputy markets editorMay 22, 2025 – 1.44pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIn early April, cryptocurrency traders were wondering just how far the price of bitcoin could fall after US President Donald Trump’s so-called “liberation day” tariffs injected mayhem into global financial markets.The exodus from risk assets such as equities and cryptocurrencies sent bitcoin tumbling to near $US74,000 – a 32 per cent slump from its record high of $US109,356 around the time of Trump’s inauguration on January 20.Loading...Alex Gluyas is deputy markets editor based in the Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreCryptocurrenciesBitcoinGoldTrade warsTrump's AmericaLatest In CurrenciesFetching latest articlesMost Viewed In MarketsThe Australian Financial Review MagazineThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)BOSS Financial ReviewForget WFH – what it’s really like to ‘work from anywhere’Rachael BoltonThe US governance model taking over Australian boardroomsThis CEO wakes at 5am, but doesn’t get in to work till 10amLife & LeisureOne of Australia’s most loved authors reveals her weekend ritualsLucy DeanRoom service for your bedroom and Blue Crush-inspired fashionJewels that cost millions – and the clients who buy themRich ListBillionaires Escalante and Arnaout taking liberties with ASICPrimrose RiordanCinema giant flags part-sale of Sydney’s George Street complexAnnie Cannon-Brookes steps out on her own
