The cryptocurrency market surged as Bitcoin reached an all-time high of nearly $112,000 late Wednesday, driven by the Trump administration’s pro-crypto policies and growing institutional adoption.
The world’s largest digital currency peaked at $111,988.90 before settling at $111,259, marking an 18% gain since the start of the year. Analysts attribute the rally to heightened risk appetite and sustained demand from traditional financial players entering the crypto space.
The bullish momentum extended beyond Bitcoin, with Ether, the second-largest cryptocurrency, jumping 5.4% to $2,740.99 after hitting a one-month high. Crypto-linked stocks also saw gains, including a 4.7% rise in Michael Saylor’s Strategy firm and a 5.4% increase for Coinbase Global.
In a note to investors, Anthony Pompliano, CEO of Professional Capital Management, highlighted Bitcoin’s unique risk profile, stating, “It becomes less risky as it grows in size.” He noted that while early institutional investors faced barriers when Bitcoin’s market cap was smaller, its trillion-dollar valuation now allows broader participation.
Meanwhile, Trump Media & Technology Group, led by the former U.S. president’s family, filed plans with regulators to launch a crypto ETF investing in Bitcoin, Ether, Solana, and Ripple—signaling further mainstream integration. The move underscores the sector’s rapid evolution from niche asset to institutional staple.