Bitcoin continues to ride a powerful upward wave, hitting a record-breaking high of $111,988.90 late Wednesday night. It’s now trading at around $111,259, marking a 0.4% gain in the latest session. The world’s leading cryptocurrency has now climbed over 18% since the start of 2025.
What’s fueling the rally? A mix of growing risk appetite among investors, favorable U.S. policies, and rising institutional interest appears to be at the core. Large financial players who once viewed crypto with skepticism are now embracing Bitcoin with greater confidence.
One of the most notable voices in the investment world, Anthony Pompliano, weighed in on Bitcoin’s rising credibility in a letter to investors:
“Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size.”
“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.”
The recent crypto-friendly stance by the Trump administration has also played a key role in boosting digital asset momentum. A notable example is the Trump Media & Technology Group, which has filed to launch an exchange-traded fund (ETF) that would invest in various top crypto tokens Bitcoin, Ether, Solana, and Ripple.
- The Bitcoin rally isn’t happening in isolation. Ether, the second-largest crypto asset, jumped to a one-month high of $2,794.95, and is currently trading around $2,740.99, up more than 5%.
- Crypto-linked stocks have also felt the boost. MicroStrategy saw its shares rise by 4.7%, and Coinbase Global moved up 5.4% in the latest trading session.
