Bitcoin (BTC) Has Topped $110,000 for the First Time, Hitting a New All-Time High

Bitcoin has topped $110,000 for the first time in a recent rally that has seen it gain 3% over the past day to break through past price highs from earlier this year.

Bitcoin price topped $110,000 for the first time in recent trade on Friday, hitting a new all-time high as it continued a rally that has seen it gain 3% over the past day to break through past price highs from earlier this year.

Bitcoin (BTC) reached a high of $110,788.98 on Coinbase at around 10:30 pm ET, according to TradingView.

Bitcoin price is up around 3% over the last 24 hours,surpassing its previous all-time high of $109,458 that it hit earlier in the day, which was the first time it traded above its previously long-held Jan. 20 peak.

The world’s largest cryptocurrency has now gained 17.5% so far this year and is up 47% since its slump to $75,000 on April 7, triggered by US President Donald Trump enacting sweeping tariffs that tanked global markets.

Bitcoin’s new peak comes as US stock markets were rattled by a weak 20-year bond auction, which sent treasury yields soaring on Friday. The S&P 500 fell 80 points in half an hour while the Nasdaq and Dow Jones mirrored the move, with all US indexes trading lower on the day.

Caroline Bowler, CEO of Australian crypto exchange BTC Markets, said in a comment to Cointelegraph that Bitcoin’s new high “reflects a mature interest in digital assets throughout the world, not the speculative surge seen in past cycles.”

“Today’s demand is driven by more institutional-grade infrastructure and stronger regulatory clarity. Investor sentiment has shifted decisively, reflecting the types of large, long-term allocations that institutions prefer,” she added.

According to Google Trends, searches for Bitcoin have been trending down since November and are at lows typical of crypto bear markets, which might suggest a low retail interest in the cryptocurrency.

Meanwhile, the Crypto Fear & Greed Index, which tracks market sentiment, was at a score of 72 out of 100 on Saturday, indicating "Greed." The index is down from its 2025 high of 84 on January 22, which came two days after Trump’s inauguration.

Edward Carroll, head of global markets and corporate finance at MHC Digital Group, told Cointelegraph in a note that increasing demand driving the price higher in the mid-term could push Bitcoin to at least $160,000 by the fourth quarter of this year and $1 million by 2030.

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Leveled up Bitcoin trader's bet surpasses $1.1B amid recent peak

Elsewhere, a large leverage trader known as James Wynn on crypto derivatives platform Hyperliquidity has become the biggest onchain margin trader as his Bitcoin long position rose above $1.1 billion amid the recent price peak.

The entry point for the 40x leveraged position was $108,065 and it has an unrealized profit of $20 million. It will be liquidated if Bitcoin’s price falls to $103,800.