Bitcoin continued its rally on Friday, extending gains that pushed the world’s leading cryptocurrency to a new all-time high earlier in the week. The Bitcoin price rise, supported by positive sentiment and regulatory developments, capped off what analysts are calling a record-setting week for the digital asset.
As of early Friday, Bitcoin traded at $110,925, up 0.1% over the previous 24 hours, after briefly touching $112,000 on Thursday. This surge highlights increasing investor confidence and continued momentum in the broader crypto market.
A significant driver behind Bitcoin’s latest climb is renewed institutional interest. According to a report by The Wall Street Journal, major U.S. financial institutions—including JPMorgan Chase and Citigroup—are considering the development of a joint stablecoin aimed at facilitating faster and cheaper transactions. This move signals growing acceptance of blockchain technology among traditional financial players.
Meanwhile, regulatory progress in the U.S. is also helping to fuel optimism. The Senate recently approved the GENIUS Act, a bill designed to regulate stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar. Industry experts see this as a crucial first step toward a more transparent and secure environment for digital asset trading.
“Greater regulatory clarity and the involvement of large financial institutions could dramatically expand access to crypto investments,” said a senior crypto strategist. “It’s a positive feedback loop—regulation encourages institutional adoption, which in turn drives prices higher.”
Other cryptocurrencies also followed Bitcoin’s upward trend. Ethereum (Ether) and XRP posted modest gains, while Solana saw a notable jump of 3.7%.
Market watchers are now closely monitoring institutional ETF inflows, which have increasingly been cited as a catalyst behind the sustained demand for crypto assets. With improved regulation on the horizon and the backing of Wall Street giants, the crypto sector may be on the cusp of a new growth phase.