Bitcoin Surges to $107,000 as All-Time High is On The Horizon

Bitcoin reached a significant milestone on Tuesday, climbing to $107,000 and positioning itself less than 2% shy of its all-time high of $108,786, recorded in January during President Trump’s inauguration.

This marks the closest Bitcoin has come to its peak in four months, signaling a robust recovery for the leading cryptocurrency. The price surge reflects a broader rebound in risk-on assets, driven by a cooling of global trade tensions under the Trump administration. As Bitcoin edges toward its record high, market watchers are closely monitoring whether it can sustain this momentum and break through its January ceiling.

The crypto market has shown resilience in recent weeks, with Bitcoin rebounding from a low of below $75,000 in early April. That dip coincided with heightened concerns over President Trump’s trade policies, which sparked fears of a global trade war. However, as the administration has softened its stance, pulling back on tariffs and signaling new trade agreements with international partners, investor confidence has returned.

This shift has bolstered risk-on assets, with Bitcoin leading the charge. Other major cryptocurrencies have also posted strong gains, with Ethereum rising 58% over the past 30 days, Dogecoin climbing 45%, and Solana advancing nearly 23%. Memecoins, which captured significant attention last year, have also seen sharp increases in value, further highlighting the market’s upbeat sentiment.

Institutional Interest in Bitcoin Grows

A new report from Standard Chartered underscores the growing institutional appetite for Bitcoin, particularly among sovereign wealth funds and state institutions. According to Geoffrey Kendrick, the bank’s head of digital assets research, these entities are increasingly turning to MicroStrategy (MSTR) as a means of gaining Bitcoin exposure, rather than investing directly in spot Bitcoin exchange-traded funds (ETFs).

Regulatory filings from the past quarter reveal that MicroStrategy’s holdings accounted for the majority of sovereign Bitcoin accumulation, even as ETF activity remained relatively flat. Kendrick noted that MicroStrategy’s appeal lies in its role as a leveraged proxy for Bitcoin, offering a workaround for institutions facing regulatory or operational barriers to direct cryptocurrency ownership.

The report also highlights a broader trend of rising institutional interest in Bitcoin, with 13F filings showing that investors are using MicroStrategy as a structural bridge into the cryptocurrency market. Standard Chartered remains optimistic about Bitcoin’s long-term trajectory, projecting that it could reach $500,000 before the end of President Trump’s term, driven by expanding institutional adoption.

This growing interest from state-backed and institutional players underscores Bitcoin’s evolving role as a mainstream asset class, even as it continues to navigate volatile market conditions. As Bitcoin hovers near its all-time high, its ability to attract diverse investors will likely play a critical role in shaping its path forward.