Early Thursday morning saw Bitcoin (BTC) reach a new all-time high of $110099, its highest level to date. If you haven’t been following Bitcoin’s recovery this year, you should know that it has risen more than $30,000 since plunging as low as $75,000 in early April.
According to the Pakistani Times, at around 6 AM, Bitcoin went up over 4% to reach $110099. It was up 3% and sitting nicely at $109,881 at 7:50 AM PKT.
As some economies have shown their passion and confidence in entering the field of cryptocurrency to make a lot of money, investors’ appetite towards risk has been revived.
Following the Ministry of Finance’s announcement on Wednesday of the establishment of the Pakistan Digital Assets Authority (PDAA) to regulate digital assets and boost the expansion of Pakistan’s virtual asset economy, which is currently valued at over $25 billion.
Thousands of new Pakistani investors have entered the market with significant investments in small to medium-sized digital currencies, according to a market insider.
By the conclusion of the current calendar year (2025), several analysts predict an even greater climb to almost $200,000.
At the time of writing, Solana was up 3.8 percent at $175, and BNB was up to $679 a coin, while Ethereum (ETH) was up 2.45 percent at $2,590.
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