Bitcoin Rally Pushes Biggest Token Further Into Record Territory
Bitcoin climbed as much as 2.2% in early Asian trading on Thursday to hit $110,707, before paring gains.
Photographer: Angel Garcia/BloombergTakeaways by Bloomberg AI
Bitcoin surpassed $111,000 for the first time, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand and support from Donald Trump’s administration.
Bitcoin climbed as much as 3.4% on Thursday to hit a record of $111,980, before paring some of the increase. Smaller tokens also rose in a broad rally, with second-ranked Ether at one point up about 7.3%.