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#BTCBreaksATH Binance Price News: Bitcoin Hits New All-Time High of $109,545 Amid Easing Trade Tensions and Regulatory Optimism
AI Summary
On May 21, 2025, Bitcoin (BTC) surged to a new all-time high of $109,545, surpassing its previous peak of $109,114 set earlier this year. This milestone comes as global trade tensions ease and regulatory developments favor the cryptocurrency market.
Market Dynamics and Contributing Factors
The recent rally in Bitcoin's price is attributed to several key factors:
Easing U.S.-China Trade Tensions: A 90-day trade agreement between the United States and China, announced on May 12, temporarily reduced import tariffs, alleviating economic uncertainties and boosting investor confidence.
Regulatory Advances: The U.S. Senate's progression on a bipartisan bill to regulate stablecoins has been perceived positively by the market, signaling a more structured approach to cryptocurrency regulation.
Institutional Adoption: Increased institutional interest and investment in Bitcoin have provided additional momentum to its price surge.
Technical Indicators and Market Sentiment
Technical analysis indicates strong bullish momentum:
Moving Averages: The 50-day Simple Moving Average (SMA) is approaching a crossover above the 200-day SMA, a pattern known as a "Golden Cross," which often signals a bullish trend.
Relative Strength Index (RSI): The RSI remains in overbought territory, reflecting strong buying pressure.
Analysts project potential short-term targets of $116,000, with some forecasting a "blow-off top" at $128,000. Long-term projections, considering the growth in global money supply (M2), suggest Bitcoin could reach $132,000 by the end of the year.
Broader Cryptocurrency Market Performance
The positive sentiment extends beyond Bitcoin:
Ethereum (ETH): Trading at $2,591.09, Ethereum has seen a 4.52% increase, maintaining its position as the second-largest cryptocurrency by market capitalization.
Total Market Capitalization: The overall cryptocurrency market cap has reached $3.36 trillion, with Bitcoin accounting for over 60% of this value.
Outlook
The convergence of easing geopolitical tensions, favorable regulatory developments, and strong technical indicators suggests a continued bullish trajectory for Bitcoin. Investors and analysts will be closely monitoring these factors as the market approaches the next psychological milestone of $110,000.

How to withdraw your Bitcoin on Binance
Key topics of the post:
Binance offers a variety of methods to exchange Bitcoin for local currencies, including the Buy and Sell cryptocurrencies page, P2P Trading, and the Spot Broker.
Binance Convert offers quick and easy-to-use options for immediate cryptocurrency transactions, without traditional trading fees or the complexity of brokers' order books.
Enjoy BTC for everyday purchases hassle-free with Binance Pay, enabling direct transactions and saving on conversion fees.
This is a general announcement. The products and services mentioned here may not be available in your region.
The gains from Bitcoin are exciting, but cryptocurrency traders and investors often need to convert their BTC to cash. Whether you want to make a purchase, manage daily expenses, or adjust your investment strategy in response to market changes, Binance offers a variety of direct options to convert your Bitcoin easily. This guide will show you the simplest and most efficient ways to withdraw your Bitcoin on Binance, ensuring you meet your financial needs without bureaucracy.
Why you should consider withdrawing your Bitcoin?
Converting BTC to cash is a strategic decision for many investors, driven by several factors:
Immediate financial needs: you may need to convert Bitcoin to local currencies to buy a car or for everyday expenses, such as groceries, that only accept traditional currencies.
Market volatility: the dynamic fluctuations in the cryptocurrency market can lead to selling Bitcoin to lock in gains and mitigate potential losses, effectively managing investment risk.
Diversification: converting Bitcoin to local currency can diversify your portfolio across various asset classes, reducing risks and potentially improving long-term returns.
It is essential to consider the tax implications of withdrawals, as the sale of cryptocurrencies is taxable in several places and may incur capital gains taxes. Additionally, while Binance quickly converts Bitcoin into various currencies, transferring funds to your bank may take days, depending on your location and the bank.
Method 1: Binance's Buy and Sell cryptocurrencies page
The [Buy and Sell] cryptocurrencies page of Binance provides a direct and efficient way to convert your Bitcoin to cash. This process is designed to be simple and quick, making it accessible even for beginners in cryptocurrency trading. Learn how you can use this feature:
Start the transaction: log in to your Binance account and access the [Buy and Sell cryptocurrencies] page. Typically, the tab can be accessed from the main dashboard or the "Buy Crypto" menu.
Select Bitcoin: in the transaction panel, you will find two fields. In the top field, select [BTC] to indicate that you are selling Bitcoin.
Choose your local currency: in the bottom field, specify the currency you wish to receive. Binance supports several major currencies, so choose the one that meets your needs.
Confirm and sell: the platform will display the current exchange rate and applicable fees. Review this information and, if satisfied, confirm the transaction. The fiat amount will be credited to your Spot Wallet.
Withdraw local currency: select the [Withdraw] function (if available in your region) and transfer funds directly to the available withdrawal payment method.
This streamlined process not only simplifies converting Bitcoin to cash but also offers flexibility in how you receive your funds.
Method 2: Binance's P2P Trading
The Binance P2P offers another popular way to withdraw Bitcoin. P2P, or peer-to-peer, is a marketplace where you can trade cryptocurrencies directly with other Binance users using local currency, price, and payment method of your choice. Learn how you can use this feature:
Understand P2P: Binance P2P operates as a decentralized platform where you can trade directly with individual sellers or buyers.
Trading process: sellers list their Bitcoins for sale along with various payment options, including local currency transfers. Buyers can browse these listings to find a suitable offer.
Start a trade: to begin trading on Binance P2P, ensure your Bitcoin is transferred to your Binance Funds Wallet. Detailed instructions on asset transfer can be found in our guide "How to transfer assets from the Spot Wallet to the Funds Wallet."
Use the P2P Express zone: for a simplified experience, use the P2P Express zone. Just select [BTC] in the top field and the desired currency in the bottom field. This feature automatically matches you with a verified P2P merchant.
This approach offers flexibility and direct interaction, empowering users to manage their Bitcoin holdings efficiently and securely on Binance's peer-to-peer platform. For more guidance, refer to our detailed guide "How to sell cryptocurrencies through P2P Trading in the Binance app."
Method 3: Spot Broker
Selling Bitcoin through Binance's Spot Broker offers a more traditional trading environment where you can exchange Bitcoin for cash (or other cryptocurrencies). This method is primarily suitable for users looking for real-time trades with a wide selection of trading pairs.
See how you can use the Spot Broker to withdraw cash, from Bitcoin to your bank account:
Access trading pairs: log in to Binance and access the Spot Broker. Click the [BTC] trading pairs button on the right to see options like [BTC/EUR] and [BTC/TRY].
Find specific pairs: use the search box at the top of the page to quickly find specific pairs, like [BTC/EUR].
Compatible currencies: the Spot Broker accommodates several currencies, including euro (EUR), Brazilian real (BRL), Japanese yen (JPY), Turkish lira (TRY), allowing direct trades with your local currency.
Sell the Bitcoin: choose a trading pair, set a market or limit sell order, and execute it. Once completed, the money is credited to your Spot Wallet.
Withdraw the money: initiate a withdrawal request from the Spot Wallet to your bank account by accessing the withdrawal section and following the instructions.
This method is particularly advantageous for those who prefer to trade in real-time with immediate results, offering a straightforward way to sell your Bitcoin for cash.
Method 4: Binance Convert for instant trades
For those seeking a direct trading experience, the Binance Convert feature provides an efficient alternative to the traditional Spot Broker. Designed to be simple, Binance Convert enables quick trades from Bitcoin to local currencies or other digital assets in just a few steps.
Access Binance Convert: log in to your Binance account and navigate to the Convert section in the "Trade" menu. This area is designed for quick trades without the complexities of the broker's full interface.
Set up your trade: on the Convert page, select BTC in the top field ("From") to indicate that you are selling Bitcoin. Choose the local currency (or cryptocurrency) you wish to receive in the bottom field ("To").
Enter transaction details: input the amount of BTC you wish to convert. Binance Convert will automatically show the equivalent in the selected currency.
Review and confirm the conversion: click [Preview Conversion] to review the transaction details. The system will lock in the quoted price for a short period to allow you to review it before deciding whether to send the trade request. Rest assured, there are no additional fees on the quoted price. If you agree with the quote, complete the transaction by clicking the confirmation button.
This feature is ideal for users who need quick adjustments to their portfolios or immediate access to various currencies, simplifying the process without the complexity of order books and trading pairs, making it easy to use for everyone.
Binance Pay: payments made easy with cryptocurrencies
While converting Bitcoin to local currencies is common, Binance also offers alternatives like Binance Pay, allowing the direct use of BTC for payments, enhancing transaction ease without making a withdrawal.
Binance Pay, a global contactless payment technology, facilitates sending and receiving payments with cryptocurrencies through the Binance app, integrated with your Binance wallet. Its intuitive interface makes transactions as simple as traditional digital payments. Using Bitcoin directly saves on conversion fees, speeds up transactions, and preserves privacy.
By using Binance Pay, you can send and receive BTC from friends and family instantly and without gas fees. You can also use Bitcoin for everyday activities like shopping and dining out, making cryptocurrencies more practical and integrated into daily life.
Final considerations
Binance offers a comprehensive set of options for converting your Bitcoin to local currencies or using it directly for payments, each option tailored to meet different needs and preferences. Whether you prefer the direct approach of the [Buy and Sell cryptocurrencies] page, the personalized interaction of P2P Trading, the trading environment of the Spot Broker, or the quick convenience of Binance Convert, there is a solution that aligns with your goals and comfort.
Moreover, Binance not only simplifies the withdrawal process but also offers innovative alternatives like Binance Pay, allowing you to use your Bitcoin for everyday transactions. This tool makes it easier than ever to integrate cryptocurrencies into your daily life.
The availability of some of these options will depend on your location, but the methods presented here should be available to most of our users. Our 24/7 Customer Support team is always ready to assist you if you need any additional information or assistance.
Further reading
What is fiat currency?
Your guide to deposits/withdrawals on Binance
Binance Frequently Asked Questions
Risk Statement: cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products you are familiar with and when you understand the associated risks. You should carefully assess your investment experience, financial situation, investment objectives, risk tolerance, and consult an independent financial advisor before making any investment. This material should not be interpreted as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may decrease or increase, and you may not recover the invested amount. You are solely responsible for your investment decisions. Binance is not responsible for any of your potential losses. For more information, please refer to our Terms of Use and Risk Notice. This is a general announcement. The products and services mentioned here may not be available in your region.