XRP News Today: Bitcoin Surges 11% to New All-Time High of $112,000

Bitcoin reached a new all-time high on Wednesday, surpassing $112,000 after several failed attempts to break through the $110,000 level in recent days. This milestone marks a significant achievement for the cryptocurrency, which has been gaining traction and acceptance in the global financial landscape.

Meanwhile, XRP (XRP-USD) is trading near a critical resistance zone as Ripple CEO Brad Garlinghouse addressed U.S. lawmakers this week. The hearing renewed focus on digital asset regulation and the role of blockchain in global finance. Garlinghouse's testimony highlighted the potential of blockchain technology to revolutionize financial services and emphasized the need for clear regulatory frameworks to support its growth.

In other news, BTCS Inc. has announced its strategic intent to raise $100 million in 2025 to acquire Ethereum and support the growth of its ETH-first infrastructure model. The strategy is designed to increase ETH per share, drive scalable revenue, and minimize shareholder dilution. According to the company's CEO Charles Allen, this move is part of a broader effort to position BTCS as a leader in the Ethereum ecosystem and capitalize on the growing demand for decentralized applications and smart contracts.

The recent developments in the cryptocurrency market underscore the increasing importance of digital assets in the global economy. Bitcoin's new all-time high reflects growing investor confidence in the cryptocurrency, while the regulatory focus on XRP and the strategic initiatives of BTCS Inc. highlight the evolving landscape of digital asset regulation and infrastructure. As the market continues to mature, it is likely that we will see further innovation and investment in the cryptocurrency space, driven by the potential of blockchain technology to transform traditional financial systems.