Experts say Bitcoin is rising due to strong momentum, optimism over US crypto rules, and renewed institutional interest


(Web Desk): Bitcoin surged to a new all-time high above $111,000 on Thursday, continuing its strong rally despite falling US stock markets.
Early London trading saw the cryptocurrency peak at $111,886.41, according to Coin Metrics, before settling near $110,900.
Experts attribute Bitcoin’s rise to a combination of positive momentum, growing optimism over US crypto regulations, and renewed institutional interest.
James Butterfill, head of research at crypto asset manager CoinShares, said the rally reflects investors seeking alternative stores of value amid macroeconomic uncertainty.
The recent downgrade of the US sovereign credit rating by Moody’s has further bolstered Bitcoin’s appeal as a hedge against fiat currency instability.
Meanwhile, the GENIUS Act, a US bill aimed at regulating stablecoins, has advanced through a key Senate procedural vote, signaling progress on the regulatory front.
Support from influential figures also helped lift the market.
US President Donald Trump and crypto advocate David Sacks have promoted a pro-crypto agenda, while JPMorgan CEO Jamie Dimon—long a Bitcoin skeptic—announced the bank will allow clients to purchase the digital currency.
Bitcoin’s divergence from the tech-heavy Nasdaq, which fell on Wednesday, suggests investors are increasingly viewing the cryptocurrency as a safe haven amid growing financial uncertainty.
US hit uranium-conversion site at Isfahan: IAEA chief
- 11 hours ago

Gold price plummets Rs300 per tola in Pakistan
- 9 hours ago
NGC organises safety awareness seminars at 500kV, 220kV grid stations
- 7 hours ago

Man forgets wife at motorway service area while traveling
- 10 hours ago

Asian countries most vulnerable to Strait of Hormuz blockade
- 6 hours ago
Iran launches missile attack on US base in Qatar; blasts heard over Doha
- 3 hours ago

Iran's missile attack on power plant in southern Israel disrupts supply
- 12 hours ago

NSC reaffirms Iran's right to self-defense as enshrined in UN Charter
- 7 hours ago

Decision reserved on Imran Khan's bail appeals in May 9 cases
- 11 hours ago
PM directs formation of three specialised committees to promote cashless economy
- 10 hours ago

Pakistan’s rice exports to China surge by 121pc in 5MFY5
- 10 hours ago
Pakistani duo secure wins in Asian Doubles Squash Championship
- 10 hours ago