On April 7th, Bitcoin was $74,508. A month later, the world’s most popular cryptocurrency is currently trading for over $111,000.
Cryptocurrency surged to a fresh, high on Thursday, climbing $111,886.41, a slight drop at $111,529.78, according to Coin Metrics. It’s a 3% jump of the day and an incredible run for assets that many expect. Bitcoin is trading at $111,158.70 at the time of writing.
Bitcoin’s $111,000 breakout: No signs of $37,000 jump and slowing in 5 weeks
Unlike previous breakouts that took place with Flash, this rally is more measured. Momentum has been steadily building over the past few weeks, with momentum being driven by a growing institutional interest and a surge in corporate recruitment. Two large macro tails are useful. With the ease of trade tensions between the US and China and the downgrade of credit from US Moody’s, investors are more interested in valued alternatives like Bitcoin.
In a CNBC memo, Coinshares research director James Butterphyll said:
Interestingly, this push is still high even when the US stock market stumbles. Treasury Spikes dragged stocks dragged on Wednesday and Thursday mornings, but Bitcoin continued to climb. The decoupling from the Nasdaq and the broader stock market is gaining attention. Some investors are clearly rotating into the code as a hedge.
So far, Bitcoin has grown by more than 18% in 2025. Asset-linked ETFs consistently draw money in, with two days of leaks recorded in May per SosoValue. At the same time, according to Bitcoin’s Treasury, public companies have more Bitcoin than ever before.
There is also a political tailwind. Former President Donald Trump, along with crypto advocate David Sachs, is pushing for a more favorable stance on digital assets. The Senate has advanced its first cryptography bill aimed at creating Stablecoin regulations. Trump wants a full crypto package that is ready for his signature by August before Congress leaves town.
With another big win in the industry, Coinbase officially joined the S&P 500 this week. And with an amazing twist, JPMorgan CEO Jamie Dimon (one of Bitcoin’s toughest critics) said it would allow clients to buy cryptocurrency and the bank would start.
I’ve seen a lot of hype about Bitcoin before, but this time I feel the energy is different. It’s more structured. It lasts more. And perhaps, at the end, it’s more acceptable.
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