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Bitcoin Surges Past $111,000, Ignites Broad Crypto Market Rally
Bitcoin (BTC) soared above $111,000 on Thursday, entering uncharted price territory and sparking a wave of optimism across the cryptocurrency market. According to FXStreet, this surge placed Bitcoin in "price discovery mode," with major altcoins such as Ethereum (ETH), Cardano (ADA), and Solana (SOL) following suit and trading in the green. Data from CoinGlass revealed that over $500 million in leveraged positions were liquidated in the past 24 hours, with 62.61% of these being short positions. The largest single liquidation occurred on Bybit, where a BTCUSD position worth $6.36 million was wiped out.
The rally is attributed to Bitcoin breaking its all-time high and triggering broad market optimism. Technical analysis suggests the rally could continue, with the next psychological resistance at $120,000. The Altcoin Season index from Blockchaincenter.net currently reads 16, indicating that investors still prefer Bitcoin over altcoins, and the market is likely in the early phase of capital rotation.
Key Figures | Value |
---|---|
BTC Price (Thursday) | $111,000+ |
Liquidations (24h) | $500 million+ |
Largest Single Liquidation | $6.36 million (Bybit) |
Altcoin Season Index | 16 |
Summary: Bitcoin's breakout above $111,000 has led to significant liquidations and a broad market rally, with technical indicators pointing to further upside potential. (Source: FXStreet)
Bitcoin Sets New All-Time High Above $109,800, Eyes $120,000
On Wednesday, Bitcoin hit a new all-time high above $109,800, surpassing its previous record of $109,588 set on January 20, according to FXStreet. This marks the second time in 2025 that BTC has reached a new all-time high. Since dropping below $75,000 on April 7, Bitcoin has risen more than 47%. The rally was partly driven by net inflows of $7.4 billion into US spot Bitcoin ETFs over the past five weeks, with $329.02 million recorded on Tuesday alone. Strategy, a financial intelligence firm, expanded its BTC holdings to 576,230 BTC last week, representing 2.74% of the total Bitcoin supply.
Technical indicators such as the Relative Strength Index (RSI) and Stochastic Oscillator are in overbought regions, suggesting strong bullish momentum but also the potential for a pullback. The 50-day Simple Moving Average (SMA) is close to crossing above the 200-day SMA, which would signal a "golden cross" and another buy signal. If BTC closes below $105,000, a retest of the $100,000 support level is possible.
Key Figures | Value |
---|---|
New All-Time High | $109,800+ |
Previous High | $109,588 |
Price Increase Since April 7 | 47% |
US Spot BTC ETF Net Inflows (5 weeks) | $7.4 billion |
Strategy BTC Holdings | 576,230 BTC (2.74% of supply) |
Summary: Bitcoin's new all-time high is supported by strong ETF inflows and institutional accumulation, with technical signals suggesting both continued momentum and caution for potential pullbacks. (Source: FXStreet)
Bitcoin’s Record Prices Lift Crypto Stocks
According to Barron's, Bitcoin's record-breaking prices have had a positive impact on crypto-related stocks, including Coinbase and Robinhood. The surge in Bitcoin's value has translated into increased trading volumes and higher revenues for these companies, reflecting the broader enthusiasm in the cryptocurrency sector. Other crypto stocks have also benefited from the bullish sentiment, as investors seek exposure to the digital asset market through traditional equities.
Market analysts note that the correlation between Bitcoin's price and the performance of crypto stocks remains strong, with rallies in the cryptocurrency often leading to gains in related equities. This trend underscores the growing integration of digital assets into mainstream financial markets.
Summary: The rise in Bitcoin's price is boosting the performance of crypto-related stocks, with companies like Coinbase and Robinhood seeing increased activity and investor interest. (Source: Barron's)
Bitcoin Tops $110,000 for First Time as US Optimism Lifts Crypto
Bloomberg reports that Bitcoin climbed as much as 3.3% on Thursday to reach a record of $111,878 before paring some gains. The rally is attributed to mounting institutional demand and support from the Trump administration. Traders are increasingly bullish on Bitcoin's prospects, and the positive sentiment has extended to smaller tokens, with Ether rising about 7.3% at one point.
This surge marks the first time Bitcoin has surpassed the $111,000 threshold, highlighting the growing confidence in the cryptocurrency market. The broad rally has lifted not only Bitcoin but also other major cryptocurrencies, reflecting widespread optimism among investors.
Key Figures | Value |
---|---|
BTC Peak Price (Thursday) | $111,878 |
Ether Increase | 7.3% |
Summary: Bitcoin's historic climb above $110,000 is driven by institutional demand and favorable US policy signals, with the rally spreading to other major cryptocurrencies. (Source: Bloomberg)
Bitcoin Hits New Record as Crypto Scores US Legislation Win
Euronews.com highlights that Bitcoin reached a new all-time high, surpassing $111,000 (€98,000) during Thursday’s Asian session. The rally is fueled by optimism over the potential passage of the GENIUS Act, a bill aimed at establishing the first regulatory framework for stablecoins under the Trump administration. The bill cleared a key procedural vote in the US Senate, raising hopes for imminent passage. The legislation is expected to protect stablecoin holders and regulate potential abuse for criminal or terrorist financing.
Institutional interest is also on the rise, with Strategy disclosing a $765 million (€675 million) Bitcoin purchase, bringing its total holdings to over $63 billion (€56 billion). Major financial institutions such as JPMorgan Chase, Morgan Stanley, and BlackRock have expanded their crypto offerings. Market analyst Josh Gilbert from eToro Australia noted that institutional participation is now "front and centre" in this bull market. Bitcoin has outperformed traditional risk assets this year, rising nearly 20% year-to-date, compared to a 0.48% decline in the S&P 500 and a 2.7% gain in the Nasdaq. Gold has climbed about 21% in the same period.
- Bitcoin price: $111,000+ (€98,000)
- Strategy’s BTC holdings: $63 billion+ (€56 billion)
- Year-to-date BTC performance: +20%
- S&P 500 YTD: -0.48%
- Nasdaq YTD: +2.7%
- Gold YTD: +21%
Summary: Bitcoin’s new record is supported by legislative progress in the US and surging institutional investment, with the GENIUS Act poised to provide regulatory clarity for stablecoins. (Source: Euronews.com)
Bitcoin Price Hits All-Time High Above $111,000
Yahoo Finance reports that Bitcoin (BTC-USD) reached a new all-time high above $111,000 (£82,605) on Thursday, continuing its 2025 bull run even as US stock markets declined. Institutional appetite is cited as a major driver, with $557 million in inflows to bitcoin investment products last week and a record-breaking $7.5 billion year-to-date. On-chain data shows Bitcoin’s Realized Cap has surpassed $900 billion for the first time, indicating strong real demand.
Regulatory progress, particularly the GENIUS Act, is also supporting sentiment. The amount of bitcoin held on centralized exchanges has dropped to historic lows, with 7,206 BTC leaving exchanges in the last 24 hours and over 121,000 withdrawn in the past month. Standard Chartered has reiterated a bullish outlook, forecasting a price of $200,000, while Robert Kiyosaki predicts $250,000 by year-end and potentially $500,000 or $1 million longer term.
Key Figures | Value |
---|---|
BTC All-Time High | $111,000+ |
Investment Product Inflows (YTD) | $7.5 billion |
Realized Cap | $900 billion+ |
BTC Withdrawn (24h) | 7,206 BTC |
BTC Withdrawn (1 month) | 121,000 BTC |
Summary: Bitcoin’s rally is underpinned by institutional inflows, regulatory progress, and a shrinking exchange supply, with bullish forecasts from major financial institutions and analysts. (Source: Yahoo Finance)
Sources:
- Why is the crypto market rallying?
- Bitcoin hits new all-time high above $109,800, eyes $120,000
- Bitcoin’s Record Prices Lift Coinbase, Robinhood, Other Crypto Stocks
- Bitcoin Tops $110,000 for First Time as US Optimism Lifts Crypto
- Bitcoin hits new record as crypto scores US legislation win
- Bitcoin price hits all-time high above $111,000
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