- Bitcoin hit a new, all-time high on Wednesday, surpassing $109,800.
- Cryptocurrencies are on the rise since hitting lows for the year in early April.
- A weak U.S. dollar, easing trade concerns and new legislation are boosting investor confidence.
Cryptocurrency bitcoin hit a new all-time high Wednesday morning, soaring north of $109,800 per token briefly before slipping back to a bit over $107,000 later in the day, according to tracking by Coin Metrics.
The new peak surpasses bitcoin’s previous record of $109,300 set in January and is well ahead of recent lows of $74,000 to $76,000 in early April, driven primarily by investor uncertainty over emerging changes in U.S. trade tariff policy.
Crypto experts say investor optimism is now on the…
