Try GOLD - Free
Bitcoin Tops $111,000 for First Time as US Optimism Lifts Crypto
The Business Guardian
|May 23, 2025
Bitcoin surpassed US$111,000 for the first time, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand and support from U.S. President Donald Trump's administration.
Bitcoin climbed as much as 3.3 per cent on Thursday to hit a record of $111,878, before falling just below $111,000 at 6:15 a.m. in New York. Smaller tokens also rose in a broad rally, with second-ranked Ether at one point up about 7.3 per cent.
A wave of optimism is buoying Bitcoin after the advancement of a key stable-coin bill in the U.S. senate fuelled hopes of greater regulatory clarity for digital-asset firms under Trump, who is avowedly pro-crypto.
Surging demand from Michael Saylor's Strategy, the former software maker until recently called MicroStrategy Inc.—which has stockpiled more than US$50 billion worth of Bitcoin—and a growing list of token hoarders is another driving force behind the rally.
This story is from the May 23, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
FROM VILLAGE RING TO 'GLOBAL HANDLER' FOR ELDER BROTHER: ANMOL BISHNOI
Anmol Bishnoi, Lawrence’s (terror- crime-extortion syndicate kingpin) younger brother and former state-level boxer, is accused of being the gang's overseas handler, coordinating logistics, extortion funds and shooters for multiple high-profile murders from abroad.
8 mins
November 20, 2025
The Business Guardian
CM Rekha convenes high-level meeting on redevelopment of Old Delhi
Delhi government plans holistic restoration of Old Delhi’s heritage and market areas.
2 mins
November 20, 2025
The Business Guardian
Jio Unlimited 5G users to get free Jio Gemini Pro, including Google's Gemini 3
Jio on Wednesday announced significant enhancements to its Jio Gemini offer with the rollout of Google Gemini 3. These enhancements are part of the Jio Gemini Pro Plan, available free for 18 months to all Jio Unlimited 5G customers.
1 mins
November 20, 2025
The Business Guardian
RBI LIKELY TO CUT REPO RATE BY 25 BPS IN DEC
The report highlighted that its expectation is driven mainly by continued downside surprises in headline Consumer Price Index (CPI) inflation.
1 mins
November 20, 2025
The Business Guardian
Rising ARPU continues to drive performance of India's Telcos
India's telecom operators delivered an inline performance in the September quarter of FY26, with rising average revenue per user (ARPU) continuing to act as the biggest driver of sectoral momentum, according to a review of Q2FY26 results by Centrum.
2 mins
November 20, 2025
The Business Guardian
Indian stocks open flat amid global tech selloff
Volatility gripped the Indian stock markets on Wednesday as both benchmark indices opened flat, reflecting cautious investor sentiment amid weak global cues.
3 mins
November 20, 2025
The Business Guardian
LESSONS FROM BIHAR
Prime Minister Narendra Modi speaking during his victory speech at the BJP headquarters made a very interesting comment.
2 mins
November 20, 2025
The Business Guardian
Cement sector set for 63% earnings surge in FY26
India's cement industry is poised for sharp earnings rebound in the Financial Year 2026 (FY26), with sector-wide profit expected to grow over 63 per cent yearon-year, driven largely by a favourable low base and continued cost-reduction efforts across companies, according to a sectoral update by Dolat Capital.
1 mins
November 20, 2025
The Business Guardian
India’s current account deficit expected to rise to 1.7% of GDP in FY26
India’s current account deficit (CAD) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank’s earlier projection of 1.2 per cent, according to a report by Union Bank of India.
2 mins
November 20, 2025
The Business Guardian
BCI removes fake-degree lawyer
The Bar Council of India (BCI) has ordered the immediate removal of an advocate who secured enrolment using a fake law degree, while simultaneously exposing what it describes as an exceptional case of internal collusion involving touts, intermediaries and staff within the State Bar Council system.
2 mins
November 20, 2025
Listen
Translate
Change font size