Bitcoin (BTC) soared to a new all-time high of $110,099 early Thursday morning, marking a massive comeback for the flagship cryptocurrency. After dipping to $75,000 in early April, BTC has rebounded strongly, gaining over $30,000 in recent weeks.
Around 6 AM (PKT), Bitcoin was up nearly 4%, peaking at $110,100. By 7:50 AM, it remained strong at $109,881, reflecting a 3% gain.
Investor sentiment has turned bullish as several global economies signal increased confidence in embracing cryptocurrency markets. A local market expert stated that thousands of new Pakistani investors have entered the crypto space, especially in small- to mid-cap digital assets. This surge follows the announcement by Pakistan’s Ministry of Finance on Wednesday regarding the establishment of the Pakistan Digital Assets Authority (PDAA)—a regulatory body to oversee and grow the country’s $25+ billion virtual asset economy.
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Analysts predict that BTC could rise even further, with some forecasting prices to reach $200,000 by the end of 2025.
At the time of reporting:
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Ethereum (ETH) was up 2.45% at $2,590
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Solana gained 3.8% to $175
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BNB traded at $679 per coin
