Bitcoin hit a new all-time high of $113,788 on Thursday, marking a significant rally and a 3.5% increase for the day.
President Trump's public endorsement of digital assets and equities, along with his call for the Federal Reserve to lower interest rates, coincided with Bitcoin's surge.
U.S. spot Bitcoin ETFs have seen substantial inflows, surpassing $50 billion in total net inflows. The BlackRock iShares Bitcoin Trust ETF leads this trend with $53 billion in inflows.
Despite market turbulence earlier this year, crypto and stocks have rebounded, attributed in part to growing institutional interest in digital assets. Bitcoin is experiencing a new bull market with price predictions reaching $200,000 in 2025.