According to The Kobeissi Letter, Bitcoin has surged above $105,000 as markets respond to heightened uncertainty, positioning the cryptocurrency just 3.5% away from reaching a new all-time high. The Kobeissi Letter highlights the importance of monitoring Bitcoin alongside traditional safe havens like gold and bonds, as this rally indicates shifting investor sentiment and increased demand for decentralized assets. This breakout is likely to attract momentum traders and could trigger significant volatility in the crypto markets as participants watch for a potential new high (Source: The Kobeissi Letter on Twitter, May 18, 2025).