Bitcoin hit a new all-time high of $111,980 on Thursday, fueled by rising institutional interest and pro-crypto sentiment from Donald Trump. The rally, which also lifted other tokens like Ether, comes amid optimism over a potential stablecoin bill and fresh support from Trump’s campaign.
Trump, who hosted a dinner for top holders of his $Trump memecoin, posted on Truth Social, “The U.S.A. is DOMINATING in Crypto.”
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Heavy buying from firms like Strategy (formerly MicroStrategy), which plans to raise $2.1 billion to buy more Bitcoin, is helping drive the surge. Meanwhile, new ventures from Cantor Fitzgerald and Vivek Ramaswamy-backed firms are emulating Strategy’s crypto playbook.
Experts say the rally is grounded in solid demand and supply imbalances, not just hype. Bitcoin is up 18% in 2025, far outperforming altcoins, which are down 40%.
Analysts say a sustained move above $110K could open the door to $ 125 K.
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