Bitcoin hit a new all-time high above $109,000 Wednesday as the cryptocurrency was boosted by regulatory developments.The world’s largest cryptocurrency hit $109,700 just after 12:45 p.m. Eastern, passing its previous record of $109,

Crypto stocks immediately rallied, following Bitcoin hitting a new all-time high (ATH) on May 21. MicroStrategy (MSTR), rebranded to Strategy, jumped a modest 1% since the day's open to $423.22 within minutes of BTC hitting new record high.

Photo: Dan Kitwood () Bitcoin rose to a new record high on Wednesday, surpassing the previous high it hit earlier this year. The world’s leading cryptocurrency hit a