Bitcoin Hits New Historic Record Above $109,000, Pushing Market Cap Past $2.17 Trillion

Bitcoin has surged to a new record high, breaking past $109,000, after a significant bullish push.

The world’s largest cryptocurrency is now trading at $109,369, marking a 6.3% increase over the past week, and extending its dominance in a market increasingly driven by institutional demand and macroeconomic uncertainty.

According to market data, Bitcoin’s 24-hour volume soared above $57.2 billion, while its total market capitalization crossed $2.17 trillion, making it more valuable than any single publicly traded company globally.

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The current price rally reflects growing investor confidence amid a flurry of positive developments for digital assets. With 19.86 million BTC already mined, the scarcity of new supply is further fueling upward pressure on the price. Bitcoin’s strong momentum over the past 24 hours (+1.85%) and 7 days (+6.3%) suggests growing speculative interest as well as fundamental demand.

Market analysts cite several potential catalysts behind the latest breakout: growing expectations of further institutional inflows, the rise of Bitcoin ETFs, and persistent concerns over fiat currency devaluation in the wake of global debt accumulation.

Despite its meteoric rise, many in the crypto community believe Bitcoin’s bull run may still be in its early stages, especially as regulatory clarity improves and mainstream adoption accelerates.

Alexander Stefanov