Bitcoin records a new standard leap, exceeding 111 thousand dollars

Bitcoin recorded a new standard leap after it exceeded for the first time a $ 111,000 barrier, amid escalating optimism among the dealers about the future of the encrypted currency, with an increasing institutional demand and explicit support from the administration of US President Donald Trump.

Bitcoin rose by 3.4% on Thursday to record its highest level at 111,980 dollars, before it retreated slightly. The ascension wave also included other currencies, as Ethereum, the second largest encrypted currency, increased by 7.3% in one of the trading periods.

This rise coincided with President Trump’s stay in a special dinner in his golf club near Washington, in which he hosted the major owners of his symbolic encrypted “$ Trump”, an event that sparked criticism from democratic lawmakers and experts who accused him of “selling influence.”

Trump wrote on the “Truth Social” platform on Thursday evening.

Currency Regulatory Law
This optimism is strengthened by the progress made by a draft law to regulate stable currencies in the US Senate, which increased hopes for providing greater regulatory clarity for encrypted asset companies under Trump’s presidency, which announced his explicit support for the encryption sector.

The escalating demand from the “Strategy” company affiliated with Michael Sailor, which raised more than 60 billion dollars from “Bitcoin”, as well as other investors who retain large quantities of encrypted currencies, had a great role in stimulating height.

“This height happened slowly, but fixed towards new historical levels,” said Joshua Lim, co -chair of global markets at FalconX.

He explained that the purchase by entities such as special purposes acquisition companies contribute to the prices to the top.

On Thursday, the company “Strategy” made a request to sell up to 2.1 billion dollars in the permanent excellent shares, with a rate of 10%, to finance the purchase of more “Bitcoin”.

Actual request
In a similar movement, a subsidiary of “Cantor Fitzgherd” operates in cooperation with “Tennieg” company (which leads to stable Tita) and the “Softbank” group, to launch a new company called “Twenty One Capital”, aimed at repeating a “strategic” business model.

A sub -company belonging to the “Straiv Enterprise”, which was co -founded by Vivic Ramasuami, has also announced its merging with the “Aseet Entz” company, which is listed on the Nasdaq Stock Exchange, to establish a company specialized in retaining the “Training” of encrypted in its financial treasures.

“In contrast to the previous sessions, this rise is not only dependent on momentum and speculation, but is based on an actual and continuous demand that can be measured, in addition to noticeable imbalances in the supply and demand,” said Julia Zo, Executive Director of Operations at Calladan.

The indicators showed that the performance of “Bitcoin” exceeded the alternative currencies, as the index of these currencies decreased by about 40% since the beginning of the year, while “Bitcoin” increased by 18% so far during 2025.

Options market expectations
It also recorded 12 of the Bitcoin’s circulating indicators in the United States strong financial flows, as investors pumped about $ 4.2 billion in only May.

In the options market, traders noticed great interest in options for coded currency at 110,000, 120,000 and 300,000 dollars, which expire on June 27, as these contracts registered the highest number of open contracts on the Derbit Platform for Derivatives Trading.

“The new record confirms that the sharp decline from the peak of January 20 to less than 75 thousand dollars in April was just a correction in an upward trend,” said Tony Sikammore, a market analyst at IG.

He added: “The stable penetration above the level of 110 thousand dollars may pave the way for the next goal at 125 thousand dollars.”