Bitcoin hits all-time high; just shy of $112,000; up over 18% since the beginning of 2025
Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling at $111,259, marking a 0.4% increase. The digital currency has shown remarkable growth, rising over 18% since the beginning of 2025, showing growing acceptance in mainstream finance.“Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,” Anthony Pompliano, founder and CEO of Professional Capital Management wrote in his letter to investors, according to Reuters.“There were few sophisticated capital allocators who could gain exposure when bitcoin was a $100-200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can put the exposure on,” he added.The Trump administration’s crypto-friendly policies have boosted confidence in digital assets, attracting more capital into the sector.Bitcoin’s rally also lifted other major cryptocurrencies. Ether, the second-largest by market value, surged to a one-month high of $2,794.95 and was last trading at $2,740.99, up 5.4%.Crypto-related stocks gained as well. MicroStrategy, co-founded by prominent bitcoin advocate Michael Saylor, rose 4.7% to $415.41, while Coinbase Global jumped 5.4% to $373.85.
