Bitcoin Hits $111,878: A Bull Market Reignited
Bitcoin breaks $111K as Trump’s pro-crypto stance, institutional buying, and ETF inflows fuel a historic rally.

Bitcoin has officially bulldozed its way past $111,000, notching another all-time high as a confluence of political backing, institutional demand, and fresh capital infusions sends the original cryptocurrency hurtling deeper into record territory. The flagship token climbed as much as 3.3% on Thursday, touching $111,878 before settling slightly lower—still comfortably in uncharted territory. But this isn't a flash-in-the-pan rally fueled by social media hype or weekend speculation. This is a grind—methodical, persistent, and unmistakably bullish.
What’s pushing Bitcoin beyond its previous ceiling is a cocktail of catalysts, none more powerful than Washington’s shifting stance under a Trump administration that’s become openly crypto-friendly. A critical piece of stablecoin legislation advanced in the U.S. Senate this week, giving digital asset firms hope that regulatory whiplash could finally give way to clarity. It’s no coincidence that this optimism erupted just as President Trump prepared to dine with some of the biggest holders of his own memecoin—an event dripping with symbolism and controversy.
But this time, the fundamentals are just as compelling as the headlines. Institutional interest isn’t just present—it’s aggressive. Michael Saylor’s newly branded firm, Strategy, has already amassed over $60 billion in Bitcoin and filed plans to sell an additional $2.1 billion in preferred stock to fund even more BTC purchases. It’s a high-stakes bet that appears to be paying off. The market sees it, and it’s responding in kind.
Even more intriguing is the domino effect Strategy seems to be triggering. Cantor Fitzgerald is teaming up with stablecoin titan Tether Holdings and SoftBank to launch Twenty One Capital Inc., a Bitcoin-centric treasury model echoing Strategy’s approach. Meanwhile, a Strive Enterprises-backed SPAC is merging with Asset Entities to form another Bitcoin treasury vehicle, further legitimizing the asset’s role as a long-term store of value—not just a speculative play.
