Bitcoin hits $110,000 threshold amid optimism over US legislation
The value of the global cryptocurrency market, including bitcoin, reached $2.2 trillion on Thursday. The price of bitcoin surpassed the $110,000 threshold for the first time in history on Thursday, driven by a fresh wave of optimism over the recent advancement of a key stablecoin bill in the U.S.
Long-term holders are not aggressively selling, reflecting their expectation for continued Bitcoin price appreciation. The current BTC funding rate is significantly below previous market highs observed during March and November 2024. Global M2 money supply grew by 5% in Q1 2025. Stablecoin market capitalization has risen to 14% in 2025 and Tether’s market cap jumped to $152 billion.
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Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Bitcoin and stocks enjoy stability at the start of the Wall Street trading session. BTC price expectations remain lofty amid low volatility and a curious lack of profit-taking. The US 30Y Bond yield just hit 5.15% for the first time since October 2023.
Bitcoin Rallies to Record High Value of $110,000
Bitcoin reached a new all-time high of $110,000 per coin on Thursday. The digital asset is currently trading at $111,000, a 2.95 percent increase in the last 24 hours. The rise in Bitcoin's value is attributed to the advancement of a key stablecoin bill in the U.S. Senate and the surging demand from institutional investors.
Treasury bond yields recently topped 5.1%, the highest level since October 2023. Investors are demanding higher yields on Treasury bonds because they see higher risk in lending to the U.S. given trade uncertainty, a recent credit downgrade and concerns about higher deficits under the GOP bill. The House passed the bill early Thursday, sending it to the Senate.
Bitcoin price hits all-time high above $111,000
Bitcoin hit a new all-time high above $111,000 (£82,605) on Thursday. Institutional investment products saw $557m in inflows last week, contributing to a record-breaking $7.5bn year-to-date. The GENIUS Act cleared a key procedural vote in the US Senate this week. JPMorgan CEO Jamie Dimon confirmed the bank will allow clients to buy bitcoin. The amount of bitcoin held on centralised …
Markus Levin is co-founder of XYO. He believes the crypto community is going through a period of growth and development in the industry. The number of active developers has remained stable and the number of established developers has almost doubled in a year. The New York Times has sued OpenAI based on copyright infringement.