Bitcoin Surpasses $107K; Saylor Urges: Acquire Your BTC Now
Bitcoin Surges Past 107K, Closing in on January’s Historic High
Bitcoin briefly surged past 107K this morning, needing just a further 2.4% increase to reach January’s historic high of 109,588. Michael Saylor, founder of MicroStrategy and a long-time Bitcoin advocate, took to X to urge: “The digital gold rush will end on January 7, 2035. Get your Bitcoin before it runs out!”
Bitcoin Transaction Fees Reach New Yearly High
According to data from The Block, since early May, the 7-day moving average transaction fee for Bitcoin has increased by approximately $1, reaching $2.40, marking the highest recorded value in 2025 so far. Bitcoin’s dominance has also risen after a dip two weeks ago, which may suggest that the decline in Bitcoin’s value relative to other parts of the cryptocurrency market was driven by liquidity rather than a significant shift towards “altcoin season.”
However, the average daily transaction volume has decreased, dropping 35% from a high of 507,000 on April 22 to 330,000 now. Additionally, Bitcoin’s illiquid supply recently hit a historical high, and a reduction in supply suggests that an increase in demand could trigger supply shocks, further driving up prices.
Bitcoin Shorts Liquidated Again
According to Coinglass data, $49.25 million in Bitcoin positions were liquidated in the past 4 hours, while Ethereum saw $35.96 million, primarily from short positions.
Michael Saylor: Get Your BTC Before It Runs Out
Michael Saylor, founder of MicroStrategy and a long-time Bitcoin advocate, took to X to urge: “The digital gold rush will end on January 7, 2035. Get your Bitcoin before it runs out!”
The digital gold rush ends ~January 7, 2035. Get your Bitcoin before there is no Bitcoin left for you.
– Michael Saylor (@saylor) May 18, 2025
Risk Warning
Investing in cryptocurrencies carries a high level of risk, with prices subject to extreme volatility. You may lose your entire principal. Please assess risks carefully.
