Bitcoin Tops $113K, Ethereum Surges
Bitcoin has once again shattered its own record, surpassing $113,000 on Thursday and nearing $114,000 shortly after. This marks a new all-time high for the world’s most valuable cryptocurrency, capping off a red-hot summer in the digital asset space. The momentum began building late last year when Bitcoin broke the $100K threshold for the first time in December 2024. After a temporary dip to $75,000 in April, the coin has staged an aggressive comeback, staying well above six figures for much of 2025.
A major catalyst behind this rally is the return of Donald Trump to the presidency. Throughout his campaign, Trump aligned himself with the crypto community, and since taking office in January, he's followed through by signing an executive order to establish a national Bitcoin reserve. The move signaled strong governmental backing and gave markets a confidence boost.
According to Andy Baehr of CoinDesk Indices, the climb is also being fueled by strong inflows from crypto ETFs and public companies. Many firms are now adding Bitcoin to their corporate treasuries, a strategy popularised by Michael Saylor’s company, Strategy, which remains one of the largest holders of BTC. Meanwhile, other cryptocurrencies are enjoying gains as well. Ethereum has risen nearly 10% in the last week, and Solana has added around 6%, per data from Binance.
Bitcoin, first introduced in 2008 by the mysterious figure known as Satoshi Nakamoto, has always been volatile, rising and falling amid industry scandals, exchange failures, and regulatory uncertainty. But its most recent surge feels different: it’s no longer just retail investors and early adopters leading the charge. Now, it’s publicly traded companies, institutional funds, and even national policy shaping the market.
Bitcoin's market cap currently stands at an astonishing $2.25 trillion, dwarfing even Ethereum’s still-impressive $340 billion. And if Satoshi Nakamoto were ever to reveal themselves, they’d instantly rank among the world’s wealthiest, thanks to a Bitcoin stash now estimated at $100 billion. In just over a decade, Bitcoin has gone from a fringe tech experiment to a pillar of modern finance. With mainstream adoption accelerating and government policy beginning to align with the industry, the crypto market is entering a new chapter - one that feels more stable, but no less dynamic.