Bitcoin Soars to Historic $111K as Investors Flee Traditional Safe Havens
Bitcoin has surged to a record-breaking $111,544 during early Asian trading hours, reflecting a 4% increase from Wednesday’s peak. This rally underscores growing investor interest in alternative assets as a hedge against macroeconomic instability, particularly following a weak $16 billion U.S. Treasury auction that saw yields spike above 5.1%. The current price of Bitcoin stands at 110,737.67 USDT.
Bitcoin Surges to Record $111K Amid Macroeconomic Uncertainty
Bitcoin climbed to an unprecedented $111,544 during early Asian trading hours, marking a 4% gain from Wednesday’s peak. The rally reflects growing demand for alternative assets as investors seek hedges against macroeconomic instability.
The MOVE follows a weak $16 billion U.S. Treasury auction that saw yields spike above 5.1%. When bond demand falters, rising yields often signal eroding confidence in traditional safe havens—a vacuum increasingly filled by digital assets.
Texas Advances Bill to Create Strategic Bitcoin Reserve
Texas lawmakers have passed Senate Bill 21 (SB 21), positioning the state to become the first in the U.S. to hold bitcoin as part of its official financial reserves. The bill, approved by the House with a 101-42 vote, establishes the Texas Bullion Depository Reserve Fund for bitcoin and digital asset investments.
Governor Greg Abbott’s final approval is the last hurdle. The move signals growing institutional adoption of cryptocurrency as a treasury asset, mirroring corporate and sovereign strategies seen in MicroStrategy and El Salvador.
Strive Asset Management Targets 75,000 BTC in Mt. Gox Claims Acquisition
Strive Asset Management, co-founded by former U.S. presidential candidate Vivek Ramaswamy, is pursuing a significant Bitcoin windfall through claims tied to the defunct Mt. Gox exchange. The firm aims to secure access to 75,000 BTC still entangled in the exchange’s decade-long bankruptcy proceedings.
Mt. Gox, once the world’s largest Bitcoin exchange, collapsed in 2014 after losing approximately 850,000 BTC to a hack. The protracted legal process in Japan has left creditors awaiting repayment, creating a secondary market for claims. Strive’s move highlights institutional interest in distressed crypto assets.
Crypto Bull Run 2025: Altcoins Poised for 200% Surge in Coming Weeks
Bitcoin shattered records with a new all-time high of $111,861.22, fueling a broader market rally. The total crypto market capitalization jumped 3.56% to $3.51 trillion, while trading volume spiked 62% to $192.3 billion. Investor sentiment remains firmly bullish, reflected in a Fear & Greed Index reading of 73.
BTC currently trades at $111,486.13, up 8.34% intraday, with daily volume surging 82.64% to $89.74 billion. Despite Bitcoin’s dominance holding steady at 63%, altcoins are showing signs of preparing for explosive growth. Market analysts attribute the momentum to heightened institutional interest and favorable macroeconomic conditions.
Texas Nears Adoption of Bitcoin Reserve as Bipartisan Bill Clears Final Hurdle
Texas is poised to become the second U.S. state to integrate Bitcoin into its treasury management after the House of Representatives passed Senate Bill 21 with a 101-42 vote. The bipartisan legislation now awaits a concurrence vote on minor House amendments before reaching Governor Greg Abbott’s desk.
The move signals growing institutional acceptance of cryptocurrency as a reserve asset, mirroring Wyoming’s 2020 precedent. While opposition exists, the strong cross-party support reflects Bitcoin’s evolving role in public finance strategies.
Market observers note such regulatory milestones often catalyze broader cryptocurrency adoption. The Texas proposal could pressure other states to evaluate digital asset reserves as inflation hedges and technological investments.
