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.
Eric Trump is positioning himself at the center of Bitcoin’s next major frontier—mining.
Mubadala Investment Company, one of Abu Dhabi’s largest state-backed investors, has been quietly deepening its position in BlackRock’s flagship Bitcoin ETF—even as the market cooled in early 2025.
Bitcoin’s rise past $104,000 this year hasn’t silenced its skeptics. In fact, 2025 has already seen 11 new “death” claims — public declarations that the cryptocurrency is doomed — surpassing last year’s total.
Economist and gold advocate Peter Schiff has renewed his criticism of the crypto market, but this time, his focus isn’t just Bitcoin—it’s the growing trend of companies whose business models revolve entirely around holding the digital asset.