Bitcoin price hits all-time high above $111,000

Bitcoin (BTC-USD) hit a new all-time high above $111,000 (£82,605) on Thursday, marking another milestone in its 2025 bull run.
The world’s largest cryptocurrency by market cap continued to surge even as US stock markets declined on Wednesday, with the tech-heavy Nasdaq (^IXIC) posting losses.
Analysts are pointing to growing institutional appetite for bitcoin as a major factor in its price appreciation. "Institutional conviction is clear, and bitcoin investment products saw $557m in inflows last week alone, contributing to a record-breaking $7.5bn year-to-date," said Nexo Dispatch analyst Iliya Kalchev.
"On-chain data shows capital pouring in fast enough to push Bitcoin’s Realized Cap above $900bn for the first time — evidence that this rally isn’t just speculative, it’s backed by real demand."