Bitcoin hits a new all-time high amid improving risk sentiment, dollar weakness, and growing traditional finance involvement in crypto.
Bitcoin soared to a record $109,481.83 on Wednesday, marking a 2% daily gain and surpassing its previous January peak. The rally comes as risk appetite rebounds following last month’s tariff-driven sell-off.
The tech-heavy Nasdaq has climbed 30% since April’s lows, while a weaker U.S. dollar has further bolstered Bitcoin’s value. Crypto often moves in tandem with tech stocks, benefiting from bullish investor sentiment.
Institutional signals are fueling confidence
✗ JPMorgan CEO Jamie Dimon, once a crypto skeptic, acknowledged client demand for Bitcoin.
✗ Coinbase (COIN.O) will join the S&P 500 this month.
However, Coinbase also disclosed a new U.S. Department of Justice probe into a recent data breach.
Despite regulatory scrutiny, Bitcoin’s continued momentum reflects strong interest from both retail and institutional investors.
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