Daijiworld Media Network – Mumbai
Mumbai, Jul 10: In a remarkable feat for digital finance, Bitcoin soared to a historic all-time high of $111,988.90 on Wednesday before settling at $111,259, sparking renewed enthusiasm among investors and market watchers alike. This milestone represents more than just a number — it underscores a profound shift in global financial sentiment toward cryptocurrencies, particularly Bitcoin, which has now risen over 18% since the dawn of 2025.
The surge is attributed to a confluence of factors including swelling institutional interest and increasing adoption by traditional financial giants. With more capital allocators viewing Bitcoin as a legitimate asset class, the cryptocurrency appears to be shedding its speculative label.
Prominent investor Anthony Pompliano of Professional Capital Management described Bitcoin as “the only asset I am aware of where it becomes less risky as it grows in size,” in a letter to investors. He noted that while early exposure was limited to risk-tolerant investors, Bitcoin’s trillion-dollar market cap has now made it viable for mainstream capital players across the globe.
Adding momentum to the rise is the pro-crypto stance of the Trump administration, which has introduced policies favourable to digital assets, encouraging broader adoption and fresh inflows of capital into the ecosystem.
Bitcoin’s meteoric rise also lit a fire under the broader crypto market. Ether, the second-largest digital currency, touched a one-month high of $2,794.95 before cooling to $2,740.99, still up a robust 5.4%. The bullish trend spilled over into crypto-linked equities as well, with MicroStrategy climbing 4.7% to $415.41 and Coinbase Global registering a 5.4% spike to $373.85.
As Bitcoin inches closer to breaching the $112,000 mark, market experts believe the rally reflects more than investor euphoria—it signals a paradigm shift in how global financial institutions are now engaging with decentralized digital assets.