Bitcoin price today: Biggest cryptocurrency BTC nears $112,000-mark, latest forecast by experts are out

Bitcoin (BTC) on Thursday pushed to an all-time high, partly as investors sought out alternatives to U.S. assets. Bitcoin climbed as high as $111,862.98, a fresh all-time peak and a 3.3 per cent increase from Wednesday's close. Cryptocurrency and blockchain-related stocks jumped as bitcoin, the world's biggest cryptocurrency, climbed to a record high.

"Bitcoin is fast approaching $112,000 and trading at a new record as hopes increase that stablecoin regulation will soon pass after the advancement of legislation yesterday," said Jim Reid, global head of macro and thematic research at Deutsche Bank in a note.

"The U.S. debt instability has probably helped too," Reid said.

Exchange operator Coinbase advanced 2.5 per cent, bitcoin stockpiler Strategy gained 1.4 per cent and crypto miners including MARA Holdings added 4 per cent.

Since the $TRUMP meme coin launched in January, the profits have favored big investors: more than 60 large wallets have profited close to $1.5 billion, with $48 million in profits occurring after Trump posted about the contest on social media, according to reviews by Inca Digital and crypto analytics tracker Bubblemaps, as of May 8.

Meanwhile, about 600,000 other smaller wallets have lost $3.87 billion so far, with $117 million of the losses occurring after the dinner announcement.

FAQs

Q1. What is world's most popular cryptocurrency?
A1. World's most popular cryptocurrency is Bitcoin.

Q2. Where is Bitcoin heading?
A2. Bitcoin climbed as high as $111,862.98, a fresh all-time peak and a 3.3 per cent increase from Wednesday's close.