Bitcoin set a new all-time high in U.S. dollars today, peaking at $109,487 before slipping slightly to $108,800. After spending most of the day moving between $106K and $108K, it finally surged past the milestone in the afternoon trading. There was no sudden pump, no major news flash – just steady pressure that eventually pushed it over the edge.
Update: Shortly after publishing this article, even higher ATH of $109,767 was set.
The new record wasn’t thousands of dollars above the last one – it was only a few hundred. That might sound underwhelming, but Bitcoin’s holding near $109K after setting the high suggests the market isn’t done yet.
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Green Day for the Market
It’s not just Bitcoin making moves. Most cryptocurrencies are in the green today, with Ethereum sitting comfortably above $2,500, BNB hovering near $660, and Solana bouncing back to $170. There’s no single theme driving the rally – it’s broad, with strength visible across all sectors.
Some memecoins, are seeing double-digit gains. WIF, FARTCOIN, and TRUMP are each up more than 10%. Pi Network is also staging a bit of a comeback, recovering from a rough week with a 9.5% daily gain, now pushing past the $0.80 level that had acted as resistance.
Even the worst performers among the top 100 coins today – EOS and AAVE – are down just 3.5%. That kind of mild red on a strong green day feels more like natural rotation than panic or profit-taking. Especially when those tokens had rallied significantly earlier this month.
Read also: AAVE at $260: Has the Bull Run Gone Too Far?
Bitcoin’s New High Isn’t Just About Bitcoin
There’s one thing that can’t be ignored, though. This new all-time high is in U.S. dollars – and the dollar isn’t as strong as it used to be. The U.S. Dollar Index (DXY) has dropped to 99.5, compared to the 109 level it held in January. That’s a steep decline over just a few months, and it plays a part in the current Bitcoin price.
If we look at Bitcoin in euros, pounds, or yen, we see that the all-time highs are still a bit out of reach. The Euro high sits at €105,495, while the current price is around €96,100. Not a massive difference, but it puts things into perspective.
What this means is that some of today’s gain is not just Bitcoin going up — it’s the dollar going down. The weakening of the currency it’s measured against always makes an asset look stronger than it really is, at least in that specific pairing.
Still, this doesn’t take away from the strength Bitcoin has shown. Even with ongoing global uncertainty – trade tensions, inflation concerns, and geopolitical worries – it’s staying afloat and now rising again. That’s not something many other assets can say right now.
Read also: Is Bitcoin Really Near Its ATH – Or Is the Dollar Just Weak?
Why This Still Matters
This moment – Bitcoin hitting a new high – matters more than just as a price point. It’s a reminder of why many people turned to cryptocurrencies in the first place. Bitcoin was created, in part, as a hedge against traditional currencies losing their value. Watching it break records while the dollar weakens is a real-world example of that idea playing out.
For people who store part of their wealth in crypto, this is the kind of day that makes them feel like they made the right decision. For others, it’s a sign that crypto isn’t going away – no matter how many times someone says the bubble’s about to burst.
Still, it’s hard not to feel optimistic. A new high, green across the board, and growing attention – this feels like the kind of day people will look back on. Not because it was the peak, but because it was part of a longer climb. And if Bitcoin holds here or moves higher over the next few days, that climb might still have a lot more room.
Read also: [QUIZ] Crypto History: Test Your Knowledge!
