Bitcoin has crossed a historic milestone, surpassing the $117,000 mark for the first time, as optimism around cryptocurrency continues to build among investors and governments alike. At 11:00 a.m., the world’s most valuable cryptocurrency was trading at $117,863.18, up 6.13% in the last 24 hours, and marking a major step forward in what has already been a bullish year.
Experts attribute the latest surge to a combination of institutional buying and supportive policy signals from the U.S. government under President Donald Trump. Earlier this year, Trump signed an executive order to establish a strategic crypto reserve, aimed at enhancing America’s long-term participation in the digital economy.
“Bitcoin’s new all-time high above $116,000 is a clear sign that confidence in crypto is growing stronger,” said Ashish Singhal, Co-founder of CoinSwitch. “Institutional demand is rising, supported by more favourable signals from the Trump administration. This rally is not just about price, it reflects how crypto is maturing into a recognised asset class within the global financial system.”
2025: A Bullish Year So Far?
So far in 2025, Bitcoin has climbed nearly 24%, with much of the momentum coming from large capital inflows and incrasing regulatory clarity. Market participants say the combination of government backing, strong macro interest, and positive investor sentiment has added significant fuel to the current rally.
According to CoinDCX’s Research Team, over $165 billion has been added to the global crypto market cap, and $415 million worth of short positions have been liquidated in the latest wave. Bitcoin’s total market capitalization has now surpassed the Taiwanese and Australian dollars, further underscoring its rising influence in the global economy.
Long-term holders are also showing renewed confidence—over 74% of all Bitcoin supply is now held by investors with a long-term outlook, the highest in 15 years.
Bitcoin’s bullish wave is spreading across the crypto market:
- Ethereum (ETH) jumped 8.66% to $3,022.21
- XRP climbed 7% to $2.59
- Cardano (ADA) soared 12.58%
- Sui, Avalanche, and Hedera posted gains of 11.85%, 8.53%, and 13.69% respectively
- Meme coins also rallied: Dogecoin rose 9.66% and Shiba Inu by 8.87%
What’s Next?
Market analysts believe that favourable policy environments, like the one being shaped in the U.S., could pave the way for even greater institutional involvement. While volatility remains part of the crypto landscape, sentiment among investors is largely positive, with many hopeful that this rally has more room to grow.
If current trends continue, Bitcoin and the broader crypto market may be entering a new phase of mainstream financial integration, driven by both policy momentum and evolving investor confidence. (Source: CoinSwitch, CoinDCX, Market Data)
