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Bitcoin Soars to Nearly $112,000 on Rising Institutional Demand

Bitcoin surged to an all-time high late Wednesday, reaching $111,988.90 before settling slightly lower at $111,259, up 0.4 percent on the day. Since the start of the year, the world’s largest cryptocurrency has gained more than 18 percent, fueled by growing risk appetite and consistent interest from institutional investors.

Market sentiment remains positive as major financial players continue to adopt digital assets, viewing bitcoin as a long-term investment opportunity. “Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,” said Anthony Pompliano, founder and CEO of Professional Capital Management, in a note to investors. “There were few sophisticated capital allocators who could gain exposure when bitcoin was $100-200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can put the exposure on.”

Supportive crypto policies from the Trump administration have also played a role in lifting sentiment around digital assets. Trump Media & Technology Group, linked to the U.S. president’s family, recently filed with regulators to launch an exchange-traded fund. This ETF aims to invest in several cryptocurrencies including bitcoin, ether, solana and ripple.

Bitcoin’s rally has also benefited other digital assets. Ether, the second-largest cryptocurrency by market cap, jumped to a one-month high of $2,794.95 and was last trading up 5.4 percent at $2,740.99.

Crypto-related stocks reflected the broader momentum. Strategy, co-founded by prominent bitcoin advocate Michael Saylor, gained 4.7 percent to reach $415.41. Meanwhile, Coinbase Global rose 5.4 percent to $373.85.

The bullish momentum in the crypto space highlights growing confidence in the sector, driven by institutional participation and evolving regulatory support.

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