Celebrate Bitcoin Pizza Day With This Historic Movement

Bitcoin rose 4% in the last 24 hours to trade at $111,489. The trade volume surged 77% over the same period, with the market cap reaching $2.21 trillion.

Bitcoin (BTC) on Wednesday rose above the $110,000 mark for the first time in history amid surging trade volume and a broader crypto market recovery.

According to CoinMarketCap data, Bitcoin rose 4% over the last 24 hours to trade at $111,489 at 07:08 ET (11:08 GMT). The no.1 crypto trade volume surged 77% over the same period, while its market cap reached $2.21 trillion.

Bitcoin officially entered uncharted territory, breaking past its previous all-time high and is currently trading above $110,000, said Ashish Singhal, Co-founder of CoinSwitch.

“This isn’t just a milestone for the market—it’s a reflection of how the global perception of digital assets is fundamentally evolving,” Singhal said.

He explained that this rally is fueled by more than just market momentum. It is being driven by consistent inflows into spot Bitcoin ETFs, improving macroeconomic clarity, regulatory support—such as the recent introduction of the Genius Act—and a growing recognition of Bitcoin’s credibility, even at the sovereign level.

Meanwhile, the approval of the Stablecoin Bill and easing trade restrictions have significantly improved investor sentiment, said Edul Patel, Co-founder and CEO of Mudrex.

This move helped BTC hit a new ATH just four months after the previous ATH in January.

“Institutional demand remains strong, with spot ETFs seeing $2.2 billion in inflows over the past 10 sessions. Furthermore, CryptoQuant data shows a steady return of retail investors, with smaller wallets re-entering the market, bringing fresh liquidity and signaling broader market confidence,” Patel added.