Bitcoin hits new highs above $109,500 as crypto momentum accelerates
Bitcoin (BTC-USD) surged above $109,500 to hit a new high on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto.
The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy.
“I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode,” Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday.
Bitcoin’s record comes on the heels of a key procedural victory in the Senate on Monday night for a bill to regulate stablecoins — cryptocurrencies tied to assets like the US…
