Around 06:00 GMT on Monday, Bitcoin reached a new all-time high of around $109,000 on Binance.
However, the leading cryptocurrency at the time of writing is trading close to the $108,000 level, having pared some gains.
The rally has been fuelled by renewed institutional interest, growing acceptance and optimism over regulatory clarity with Donald Trump’s inauguration
The digital asset took more than a month to break the previous record high, which was reached on Dec. 16.
The cryptocurrency’s market capitalization has risen by about 2.8%, reaching $2.14 trillion.
U.S. spot Bitcoin exchange-traded funds (ETFs) continued their strong run on Thursday, logging a fifth consecutive day of net inflows as institutional interest in regulated BTC products remained firm.
According to Bloomberg’s senior commodity strategist Mike McGlone, Bitcoin (BTC) has outshined the S&P 500 so far in 2025.
Bitcoin (BTC) is currently consolidating within the $93,500–$95,250 range, according to crypto analyst Michaël van de Poppe, who views the current price movement as part of a broader uptrend.
His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.