Bitcoin Surges Past $116K to Set New All-Time High as Bull Market Accelerates
Bitcoin (BTC) shattered previous records on Thursday, climbing above $116,000 for the first time and signaling renewed bullish momentum across the crypto market. The world’s leading digital asset reached a session high of $115,469, marking a 4.3% gain over the last 24 hours, per CoinDesk data.
This breakout comes after repeated attempts to clear the $112,000 resistance level earlier in the week. Just a day prior, BTC briefly surpassed that mark before retreating below $111,000. A year ago, Bitcoin traded around $57,704—meaning it has doubled in value over the last 12 months, despite experiencing sharp corrections along the way.
Analysts point to several key drivers behind the rally: strong ETF inflows, corporate adoption of bitcoin as a treasury asset, and improving regulatory clarity in major markets.
“Despite macroeconomic headwinds, we see further upside ahead,” said Gerry O’Shea, head of global market insights at Hashdex. “The introduction of more institutional platforms offering bitcoin access could send prices toward $140,000 or more before the year is out.”
Broader crypto markets moved higher alongside BTC. Ethereum (ETH) gained over 5%, crossing the $2,800 threshold, while XRP rose 3.5% to trade at $2.8180. The CoinDesk 20 Index, a broad market benchmark, advanced 3.4% to its highest level since May.
