Bitcoin Breaches New All-Time High Amid Institutional Rally
Bitcoin has surged past its previous all-time high, reaching an impressive $109,500, driven by strong institutional inflows and easing geopolitical tensions. This rally highlights a notable shift in market dynamics, with professional capital taking the lead while retail participation remains subdued. Analysts are now eyeing the next psychological threshold of $120,000 as momentum continues to build. As of the latest update, BTC is trading at 111,302.72 USDT, signaling potential for further gains in the NEAR future.
Bitcoin Surges Above $109,500: Institutional Support Fuels Rally
Bitcoin breached its all-time high, surpassing $109,500 as institutional inflows and easing geopolitical tensions propelled the rally. The cryptocurrency’s steady ascent contrasts with muted retail participation, underscoring a structural shift toward professional capital.
Market momentum suggests potential for further gains, with some analysts eyeing $120,000 as the next psychological threshold. The current upswing mirrors patterns seen during previous institutional adoption phases, where gradual accumulation preceded parabolic moves.
Bitcoin’s 40% Rally Drives Realized Cap to Record $900B as Profit-Taking Accelerates
Bitcoin’s realized capitalization has surged past $900 billion for the first time in history, fueled by substantial new capital inflows. The metric, which values each coin at its last transacted price rather than current market value, signals strong underlying demand.
Short-term holders are capturing significant gains, with 71% of their supply now in profit—the second-highest level ever recorded. Daily profit-taking has reached $747 million, though the Sell-Side Risk Ratio suggests room for further upside.
The cryptocurrency has tested $107,000 in recent trading, approaching its all-time high of $109,000. This marks a 40% gain over six weeks, with the $102,000-$105,000 range now serving as a key battleground between buyers and sellers.
Bitcoin Soars to Record $110,000 Amid ETF Frenzy and Institutional Demand
Bitcoin shattered its previous all-time high, breaching the $110,000 threshold in a parabolic rally fueled by spot ETF inflows and macro tailwinds. The milestone cements BTC’s status as a mature risk asset, with trading volumes doubling across major exchanges.
Geopolitical catalysts including the US-China trade accord and BlackRock’s $1.2 billion BTC ETF inflow created perfect storm conditions. Analysts now project a liquidity-driven ascent toward $115,000 by week’s end, with $130,000 appearing increasingly probable before 2026.
OKX Launches xBTC on Sui Network to Boost Bitcoin DeFi Ecosystem
OKX has introduced xBTC, a Bitcoin-backed asset, on the sui blockchain, marking a strategic expansion of Bitcoin-centric decentralized finance (DeFi) solutions. The integration leverages Sui’s high-throughput infrastructure to offer scalable and secure BTCfi options for Web3 users.
Sui’s growing BTCfi ecosystem now includes xBTC alongside other Bitcoin-pegged assets, reinforcing its position as a competitive layer-1 platform for cross-chain DeFi innovation. The MOVE signals increasing institutional interest in bridging Bitcoin’s liquidity with smart contract functionality.
Michigan Lawmakers Propose Four New Crypto-Related Bills
Michigan legislators have introduced a quartet of cryptocurrency-focused bills, signaling a proactive approach to digital asset regulation. The proposed legislation includes provisions for pension fund Bitcoin exposure, opposition to central bank digital currencies, and incentives for sustainable mining practices.
House Bill 4510 would authorize public retirement systems to allocate funds to bitcoin through regulated exchange-traded products. This move could open the floodgates for institutional crypto investment at the state level.
HB 4511 takes a defensive stance against potential Federal Reserve digital currency initiatives, prohibiting state agencies from licensing, taxing, or promoting CBDCs. The companion bills HB 4512 and HB 4513 offer tax incentives for Bitcoin mining operations that repurpose abandoned oil wells, marrying environmental remediation with cryptocurrency production.
