Bitcoin Soars to New High Near $112,000 Driven by Institutional Interest and Supportive Policies
Bitcoin has reached a remarkable new all-time high, nearly hitting $112,000 on Wednesday. This surge, marking an impressive 18% increase since the beginning of 2025, is primarily attributed to renewed investor risk appetite and sustained institutional interest. The cryptocurrency hit its peak at $111,988.90 before settling at around $111,259.
Investor Anthony Pompliano emphasized that as Bitcoin's market capitalization grows into the trillions, it becomes increasingly accessible and less risky for large institutional investors. This sentiment has been further bolstered by the Trump administration's supportive stance on digital assets, drawing more capital into the cryptocurrency sector.
Adding to the bullish momentum, Trump Media & Technology Group announced plans to launch an exchange-traded fund (ETF) that will invest in major cryptocurrencies including Bitcoin, Ether, Solana, and Ripple. This development highlights growing mainstream acceptance and opens new avenues for investors to gain exposure to the crypto market.
The positive trend extends beyond Bitcoin. Ethereum (Ether) surged to a one-month high, trading at $2,794.95 and marking a 5.4% daily increase. Crypto-related stocks also enjoyed notable gains, with MicroStrategy climbing 4.7% to $415.41 and Coinbase rising 5.4% to $373.85.
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Stay informed and explore more about Bitcoin's exciting journey and how new financial tools from Bitlet.app can help you participate in the crypto revolution with flexibility and confidence.
