Why did Bitcoin just hit an all-time high?

Bitcoin exceeded $ 110,000 Wednesday evening, fixing a new summit of all time while Crypto has rallied.

The previous peak for Bitcoin (BTC), reached during the inauguration of President Donald Trump in January, was exceeded at the end of the morning, according to Crypto.News data. The purchase momentum supported after the American stock markets closed with the largest cryptocurrency by market capitalization exceeding $ 110,000.

Bitcoin earned more than 4.5% in the last 24 hours and more than 23% last month, reflecting a net reversal of the April slowdown.

American actions

The rally reflects the wider recovery of American actions, despite the sale of Wednesday to Wall Street. Since the end of April, the S&P 500 has climbed by 15%, while the NASDAQ has increased by more than 21%. Analysts Attribute the rebound to increasing optimism that President Trump’s trade policies can be less aggressive than the fearing initially.

After introducing high prices in early April, including an import tax of 10% and additional penalties for Chinese products – the White House reported a partial retirement.

A 90 -day break on the most serious measures was announced last week by the Treasury Secretary Scott Bessent following negotiations with Chinese officials.

Bitcoin first fell to a two -month $ 76,000 shortly after Trump unveiled the prices, reflecting market fears on a larger global slowdown.

Despite Bitcoin’s reputation as a coverage against traditional financial assets, it is often negotiated in tandem with risky actions, especially Technological stocks.

What’s going on with Bitcoin?

Part of the Bitcoin momentum seems to be driven by crypto-native catalysts. CEO Enclave markets Phil Wirtjes said The rally was “probably helped by political progress”, in particular Bipartisian progress on Stable legislation.

A bill that would establish clearer rules for digital tokens supported by the USD has gained ground in the Senate.

Institutional demand has also resumed. Bitcoin FNB spot attracted $ 329 million in entries in the last 24 hours.

The latest Bitcoin rally raises questions about the quantity of its performance motivated by the macro and crypto-native factors.

While the regulatory clarity and FNB entries are key winds, the correlation with the actions suggests that the appetite of investors for risk remains a dominant force in the two areas.