Bitcoin hits all-time high near $112,000, boosting crypto market

Bitcoin surged to a new all-time high near $112,000 as institutional demand and risk appetite increased. It reached a peak of $111,988.90 and is up 0.4% at $111,259. Trump administration’s crypto-friendly policies are attracting capital to the sector, with Trump Media & Technology Group planning to launch a crypto ETF. Other cryptocurrencies like Ether also saw gains, hitting $2,794.95. Crypto-related stocks, including Strategy and Coinbase Global, rose as well.

Read more at Yahoo Finance: Bitcoin soars to all-time peak just shy of $112,000