Bitcoin Surges Near All-Time High as Steak ‘n Shake Accepts Crypto

's latest price was $, in the last 24 hours. The cryptocurrency market is experiencing a surge in bullish sentiment, with Bitcoin positioning itself for a potentially explosive phase. Trading just below its all-time high, Bitcoin remains in a strong uptrend, and the coming days are likely to prove pivotal in confirming whether the next leg higher is ready to begin. With price action holding firm and bullish structure intact, many analysts believe an impulsive breakout could be imminent.

Adding fuel to the outlook is the broader global context. Trade tensions between the US and other major economies continue to escalate, and markets are becoming more reactive to macro uncertainty. In this environment, Bitcoin is once again being viewed as both a hedge and a high-beta growth asset—one that thrives in periods of volatility.

Top analyst Axel Adler shared key insights on miner behavior that may influence short-term price action. Since Bitcoin’s recent all-time high, miner inflows to exchanges have doubled, from an average of 25 BTC to 50 BTC per day. While this indicates a noticeable uptick in selling, Adler notes that these levels remain well below historical peaks of around 100 BTC per day. More importantly, the market appears to be absorbing this added supply without showing signs of stress. This suggests that demand remains robust, and selling pressure from miners is not yet strong enough to derail the uptrend. Instead, it reflects a healthy and expected shift in behavior following a major price milestone.

As Bitcoin hovers near all-time highs, the combination of strong market structure, supportive on-chain data, and resilient demand could set the stage for a powerful continuation. If bulls reclaim the all-time high with conviction, BTC may enter a fresh price discovery phase with targets well beyond current levels.

Bitcoin is trading on the 4-hour chart, consolidating in a tight range just below its all-time high. After a brief retracement from local highs, BTC has maintained its bullish structure, forming higher lows and staying well above key moving averages. The 34 EMA acts as dynamic support, while the 50 and 100 SMAs provide additional downside protection. Volume has slightly declined during this consolidation, indicating a temporary pause rather than a reversal. Price remains comfortably above the major horizontal support level—now a critical base for any deeper pullbacks. The uptrend remains intact as long as this zone holds.

What’s notable is BTC’s ability to hold above the 34 EMA despite increased miner inflows and broader market caution. This resilience suggests strong buyer interest and positioning ahead of a potential breakout. To confirm continuation, bulls need to reclaim the all-time high range with volume. A break above this resistance would likely trigger the next impulsive leg higher. For now, Bitcoin remains in a bullish consolidation phase, with strong support levels anchoring price action as the market awaits a decisive move.

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin at all of its locations globally, where regulations permit. The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions. The company’s COO, Dan Edwards, revealed the development at the Bitcoin 2025 Conference in Las Vegas, which kicked off the same day and included a keynote by Senator Cynthia Lummis and Council of Advisers for Digital Assets executive director Bo Hines.

Edwards revealed that the initial response exceeded expectations. On the first day alone, Steak ‘n Shake accounted for 1 out of every 500 Bitcoin transactions worldwide. He attributed this to strong interest from customers eager to use Bitcoin as a payment method in a real-world retail setting. The company is already seeing measurable financial benefits from the integration. Edwards said Bitcoin payments have allowed Steak ‘n Shake to reduce its payment processing fees by approximately 50% compared to traditional credit card transactions. This is due in part to the efficiency of the Lightning Network, which facilitates near-instant settlement with lower transaction costs.

Edwards emphasized that the decision to integrate Bitcoin was a serious and permanent addition to the company’s payment infrastructure. He further clarified that it was not a promotional experiment or limited-time offering, but rather a long-term option that the company now supports alongside traditional fiat methods.