qerranews 
Bitcoin Hits Historic High
Bitcoin is trading at $111k, marking a new all-time high and igniting a fresh wave of bullish sentiment across the cryptocurrency market. This surge comes after a strong 24-hour gain of over 4.5% and a 23% jump over the last month, rebounding from a sharp downturn in April that had pushed the digital asset to a two-month low of $76,000.
The previous record was set in January during President Donald Trump’s second inauguration, but recent market developments have pushed Bitcoin to unprecedented levels. The rally was notably sustained even after U.S. equity markets closed, signaling robust momentum across both traditional and crypto financial sectors.
Stocks and Crypto Aligned
Bitcoin’s price action is increasingly intertwined with the broader performance of U.S. equity markets. Since late April, the S&P 500 has surged 15%, while the Nasdaq has climbed over 21%, reflecting a broad recovery in risk-on assets.
Despite a Wednesday sell-off on Wall Street, Bitcoin continued to gain, underscoring investor optimism about improving macroeconomic conditions. Analysts suggest that fading fears over Trump’s aggressive trade stance have helped both equities and digital assets. In April, the Trump administration introduced steep tariffs—a blanket 10% import tax and further penalties on Chinese goods—which sparked fears of a global slowdown and initially hurt Bitcoin’s price.
However, a recent 90-day pause on those harshest tariffs, announced by Treasury Secretary Scott Bessent, has significantly improved market sentiment. This policy softening came after negotiations with Chinese officials, easing investor anxiety about a prolonged trade war. With the White House now signaling a more measured approach, capital is flowing back into risk assets—including cryptocurrencies like Bitcoin.
Policy Moves Fuel Momentum
While macro factors are key, crypto-native developments have also played a vital role in Bitcoin’s recent surge. One standout factor is the bipartisan progress on stablecoin legislation. Lawmakers in the U.S. Senate are working on a draft bill that would create a regulatory framework for USD-backed digital tokens, bringing long-awaited clarity to the crypto industry.
According to Phil Wirtjes, CEO of Enclave Markets, this policy advancement is a significant tailwind for investor confidence: “The rally was likely aided by these policy developments. Clearer rules help institutional players feel safer entering the space.”
Regulatory uncertainty has long been a barrier to widespread adoption, and any sign of progress is typically viewed as bullish. This latest development is seen as an inflection point, especially for those institutions waiting on the sidelines for clearer rules.
Institutional Inflows Accelerate Growth
The surge in Bitcoin’s price is also being driven by institutional demand, particularly through spot Bitcoin ETFs. Over the past 24 hours alone, these financial products have seen $329 million in inflows, indicating that professional investors are actively increasing their exposure to Bitcoin.
Spot Bitcoin ETFs offer a more familiar and regulated vehicle for traditional investors to gain Bitcoin exposure without holding the asset directly. Their rising popularity signals growing mainstream acceptance and belief in Bitcoin’s long-term value.
Combined with regulatory progress and favorable macro conditions, these inflows highlight a strong appetite for risk assets across markets. This blend of crypto-native catalysts and traditional finance interest underscores the increasingly hybrid nature of Bitcoin’s price dynamics.
Macro and Crypto Interplay
Bitcoin’s sharp rise challenges the narrative that it operates independently of traditional markets. While often touted as a hedge against economic instability, Bitcoin has shown a high correlation with tech stocks and risk-on assets, especially during periods of broad market rallies or downturns.
This current rally appears to be a product of multiple overlapping forces: easing trade tensions, bipartisan regulatory progress, and renewed institutional interest through ETFs. Each factor alone might not be enough to spark an all-time high, but together they’ve created a perfect storm for Bitcoin’s explosive growth.
As regulatory frameworks solidify and traditional markets stabilize, Bitcoin’s dual role—as both a risk asset and a hedge—continues to evolve. Investors should watch closely to see whether this rally can sustain, or if the macroeconomic winds shift again.