Bitcoin has reached a new all-time high, surpassing $109,500. The cryptocurrency experienced a significant surge, climbing $10,000 within an eight-hour period. On January 19, Bitcoin's price reached $106,000 before briefly retreating to $100,200. It then resumed its upward trajectory, reclaiming the $105,000 mark by January 20. The rally continued as Bitcoin broke previous records, reaching $108,000 and eventually hitting $109,500. The recent surge marks a notable milestone for Bitcoin, reaffirming its position in the cryptocurrency market.