Bitcoin Blasts to New All-Time High Price Above $109,000
Bitcoin reached a record price of over $109,000, trading at $109,378 on Coinbase, marking a 4.5% increase in 24 hours and nearly 25% growth over the past month. Factors contributing to this surge include steady ETF inflows, increased institutional interest, and a shift in investor perception of Bitcoin from a speculative asset to a strategic allocation. Recent political developments, including U.S. President Donald Trump's easing of trade tensions and positive inflation reports, have encouraged investment in risk-on assets. Bitcoin's previous record of $108,786 was set in April but fell below $75,000 due to concerns over Trump's trade policies. The recent gains reflect a broader market optimism and a growing view of Bitcoin as a hedge against macroeconomic uncertainties.
