Bitcoin has smashed through its previous all-time high, soaring to an astonishing $110,099 early Thursday morning. The dramatic surge marks a new milestone for the world’s leading cryptocurrency, which has gained over $30,000 since it dipped to $75,000 in early April.
As of 6:00 AM Pakistani time, Bitcoin was trading nearly 4% higher, hitting a new record of $110,100. By 7:50 AM, it remained strong at $109,881, still up 3% and showing no signs of slowing down.
A Year of Rebound and Rally
This year has been a rollercoaster for Bitcoin. After briefly crashing in early April, the flagship digital asset has mounted an impressive recovery, buoyed by renewed investor confidence and broader institutional acceptance. The latest rally is being driven by increased global optimism about digital assets, with multiple governments showing openness to embracing and regulating the crypto economy.
Pakistan is the latest country to formally step into the crypto arena.
Pakistan’s $25 Billion Crypto Market Gets a Regulatory Boost
In a significant development, the Pakistani government has announced the formation of the Pakistan Digital Assets Authority (PDAA) under the Ministry of Finance. This newly established body is tasked with regulating the nation’s burgeoning digital asset sector, which is already estimated to be worth over $25 billion.
The announcement, made on Wednesday, has sparked a wave of excitement in the local investment community. A market insider told ProPakistani that thousands of new Pakistani investors have poured funds into various cryptocurrencies, particularly small to mid-cap digital assets, in anticipation of a more structured and secure environment for virtual trading.
The move is being viewed as a game-changer for the local crypto economy. With regulation in place, investors are expected to feel more confident, and international players may find it easier to enter Pakistan’s market, further fueling growth.
Global Sentiment Fuels Crypto Momentum
Bitcoin’s surge isn’t happening in isolation. The broader crypto market is also enjoying a bullish trend.
- Ethereum (ETH) rose 2.45%, trading at $2,590 at the time of press.
- Solana (SOL) was up by 3.8%, reaching $175.
- Binance Coin (BNB) climbed to $679, continuing its steady upward trajectory.
Analysts attribute this widespread momentum to a global shift in investor risk appetite. With inflation tapering off in major economies and the U.S. Federal Reserve signaling a pause in rate hikes, investors are increasingly turning to alternative assets like cryptocurrencies.
Countries such as the UAE, Japan, and now Pakistan have declared active intentions to integrate blockchain and digital assets into their financial ecosystems. This wave of regulatory acceptance is contributing to a sense of legitimacy and long-term sustainability for the sector.
Could Bitcoin Hit $200K in 2025?
With BTC already crossing the $110,000 threshold, many crypto analysts and enthusiasts believe that this is just the beginning of a larger rally. There are growing predictions that Bitcoin could reach $150,000 to $200,000 by the end of 2025, especially if more countries follow Pakistan’s lead and establish clear frameworks for crypto regulation.
Another factor that could drive prices higher is the upcoming wave of institutional adoption. Large asset managers, hedge funds, and tech companies are increasingly exploring crypto as part of their portfolios. Bitcoin ETFs (Exchange-Traded Funds) and crypto-friendly financial products are becoming more mainstream, opening the door for broader retail participation.
Bitcoin’s record-breaking surge to $110,000 is a powerful symbol of how far the crypto market has come since its early days. Pakistan’s decision to launch the Pakistan Digital Assets Authority is also a clear indication that digital currencies are no longer on the fringes of the financial world—they are becoming a recognized and regulated part of the global economy.
As investors ride this new wave of optimism and regulatory clarity, the crypto landscape is entering a more mature and promising era. Whether or not Bitcoin reaches $200,000 in 2025, one thing is clear: the age of digital assets is here—and it’s only getting started.
