Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.

The U.S. Senate has passed the GENIUS Act, making regulated stablecoins a policy priority and hinting at fresh institutional crypto inflows.

While Bitcoin leads the current rally, Shunyet notes a measured outlook for the broader crypto market: “Ethereum and other large-cap digital assets are likely to benefit from Bitcoin’s momentum,” Shunyet added. “However, high interest rates and lingering macroeconomic uncertainty may limit upside potential for smaller altcoins in the near term.”

Bitcoin is making headlines again as its price climbed to $107,960, marking a four-month high and placing it within reach of its previous all-time peak of $109,288 set in January. This latest surge comes amid renewed optimism fueled by the U.

The cryptocurrency has been on a months-long tear thanks to the pro-crypto Trump administration and April's tariff chaos.

Senator Bill Hagerty expects the Senate to pass the GENIUS Act this week. Here's what it may mean for Bitcoin Pepe.

Bitcoin ( BTC 4.39%) set a new all-time high today, topping $111,000 for the first time ever. After reaching a previous all-time high in December 2024, Bitcoin declined roughly 30%, leading many to believe the bull run that saw it nearly double from September through December was over. However, in the last month, Bitcoin is up nearly 50%.

Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

Another bullish narrative for Bitcoin is the Stablecoin legislation, the GENIUS Act, which overcame a procedural blockade on Monday night in the US Senate, marking a major victory for the crypto industry. The US Senate voted 66-32 to advance the GENIUS Act, setting the stage for a final vote in the Senate.

Bitcoin hit a new all-time high above $111,000 (£82,605) on Thursday, marking another milestone in its 2025 bull run. The world’s largest cryptocurrency by market cap continued

Bitcoin hits record highs ahead of Pizza Day, driven by institutional support, regulatory optimism, and demand surge. Check out why I rate BTC-USD a buy.