Bitcoin Hits New All-Time High $109,800, Market Cap $2.14 Trillion

Bitcoin, the world’s largest cryptocurrency by market cap, has reached a new all-time high of $109,800, surpassing its previous record set in January. This surge has propelled Bitcoin to become the fifth-largest asset in the world by market value, with a market cap of $2.14 trillion, overtaking Amazon in the process.

The recent rally in Bitcoin’s price can be attributed to several factors. One of the most significant drivers is the growing interest from institutional investors. Strategy, formerly known as MicroStrategy, has continued to add to its substantial Bitcoin holdings, now owning over 576,000 Bitcoins, which represents 2.7% of the total supply. This move underscores the confidence that major corporations have in Bitcoin as a valuable asset.

Other companies are also joining the trend. Japan’s Metaplanet recently acquired 1,004 BTC, increasing its total holdings to 10,000 BTC. This increasing corporate demand is a key reason why many analysts believe that Bitcoin still has significant potential for growth.

In addition to institutional interest, political and policy developments are also contributing to Bitcoin’s rise. In the U.S., the GENIUS Act, which aims to provide clearer regulations for stablecoins, is progressing in the Senate. Furthermore, the executive order to establish a Strategic Bitcoin Reserve has added a layer of government support, boosting investor confidence.

With these supportive factors in place, Bitcoin’s market value has soared to $2.13 trillion, making it the fifth most valuable asset globally, trailing only gold, Microsoft, Nvidia, and Apple.

Looking ahead, veteran trader Peter Brandt predicts that Bitcoin could rally towards $150,000 by August 2025. Brandt, who is currently “long” on BTC, believes that this recent surge is just another step in a larger bull run. Similarly, famous author Robert Kiyosaki has expressed optimism, suggesting that Bitcoin might even hit $250,000 this year.

While Bitcoin has already achieved a new high, many experts believe that the real breakout is yet to come. The cryptocurrency market, though volatile, has shown resilience and the potential for significant growth. As Bitcoin continues to gain acceptance and adoption, it is likely to attract more investors and traders, further fueling its bull run. However, investors should remain cautious, as the cryptocurrency market is still relatively new and unpredictable.