Bitcoin has shattered its previous records, reaching a staggering $117,863.18 — marking its highest ever valuation.
The world’s leading cryptocurrency surged over 6% in the past 24 hours, buoyed by strategic policy shifts in the United States and rising investor confidence.
Industry experts attribute the bullish momentum to U.S. President Donald Trump’s March executive order to establish a national crypto reserve — a move hailed by many as a pivotal moment in institutional crypto adoption.
“This rally is not just about price; it reflects how crypto is maturing into a recognised asset class within the global financial system,” said Ashish Singhal, Co-founder of CoinSwitch.
Bitcoin’s year-to-date gain now stands at an impressive 24%, and the ripple effect has lifted the broader crypto market. Ethereum spiked 8.66% to $3,022, XRP climbed 7%, and meme coins like Dogecoin and Shiba Inu posted near double-digit gains.
According to the CoinDCX research team, over $165 billion was added to the crypto market cap recently, alongside $415 million in liquidated shorts. Bitcoin’s market cap now surpasses both the Australian and Taiwanese dollars, while long-term holders control over 74% of the total supply, a 15-year high.
With optimism at its peak, analysts predict that supportive policies and growing institutional demand may sustain the momentum in the weeks ahead.
