<ul data-eligibleForWebStory="false">Bitcoin surged past $112,000 for the first time, setting a fresh record alongside a broad rally in risk assets.The rally is fueled by institutional demand, validating crypto bulls' beliefs in a new era of permissive regulation.The speculative momentum in markets persists despite tariff announcements by President Donald Trump.Bitcoin's rise is benefiting from strong ETF inflows, rising institutional adoption, and a favorable macro backdrop.