Try GOLD - Free
Bitcoin Tops $111,000 for First Time as US Optimism Lifts Crypto
The Daily 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 Daily 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 Daily Guardian
The Daily Guardian
Mona, Kunaal highlight need for digital detox in 'Thode Door, Thode Paas'
Actors Mona Singh and Kunaal Roy Kapur have opened up about their upcoming family drama 'Thode Door, Thode Paas', calling it a heartfelt reminder to step away from screens and reconnect with loved ones.
1 min
November 05, 2025
The Daily Guardian
Russian PM Mikhail Mishustin meets Chinese President Xi
Chinese President Xi Jinping met with Russian Prime Minister Mikhail Mishustin on Tuesday in Beijing, official media of both countries reported.
1 min
November 05, 2025
The Daily Guardian
Jaiswal gears up for SA Test with big hundred but Mumbai get only 1 point
Opener Yashasvi Jaiswal warmed up nicely for the upcoming Test series against South Africa with his 16th first-class hundred that earned Mumbai a solitary point in their drawn Group D Ranji Trophy match against Rajasthan, in Jaipur, on Tuesday.
1 mins
November 05, 2025
The Daily Guardian
THE WOMEN WHO CHANGED THE GAME AND THE GAZE
For decades, they weren’t seen. Today, they can’t be ignored. The rise of India's women cricketers is not just a sporting story — it’s a social shift
3 mins
November 05, 2025
The Daily Guardian
Former US Vice President Dick Cheney passes away
Former US Vice-President Richard Bruce Cheney, hailed as America’s most powerful modern vice president and oft called the chief architect of the Iraq war passed away at the age of 84 due to medical complications, CNN reported citing a statement by his family.
1 mins
November 05, 2025
The Daily Guardian
Running again at 60: How robotic surgery gave patient a new life
At the Vedanta Delhi Half Marathon 2025, amid thousands of runners and a roaring crowd at Jawaharlal Nehru Stadium, one woman's story became the heart of the event. Sixty-year-old Pallavi, who once struggled to even walk, crossed the 10K finish line — just 14 months after undergoing bilateral robotic total knee replacement (TKR) at Indraprastha Apollo Hospital in New Delhi.
2 mins
November 05, 2025
The Daily Guardian
Eroding borders: How modern conflicts challenge territorial integrity
Since the Treaty of Westphalia in CE 1648, the international legal system has been built on a simple principle that states possess exclusive authority over their territory and population.
3 mins
November 05, 2025
The Daily Guardian
MP’s PA among 264 arrested in Kerala cyber-fraud crackdown
Kerala has become the focal point of a significant crackdown on cyber crimes, with police arresting Hassan Anas, a personal assistant to a Rajya Sabha MP, in connection with organized financial fraud.
1 min
November 05, 2025
The Daily Guardian
Fitch revises outlook on key Adani entities
Fitch Ratings has revised the outlook on Adani Ports and Special Economic Zone Limited (APSEZ), Adani Energy Solutions Limited (AESL), and its subsidiary Adani Electricity Mumbai Limited (AEML) to “stable” from “Negative”, while affirming all ratings at ‘BBB-’, signalling improved credit confidence across the Adani Group’s key infrastructure and utility businesses.
1 min
November 05, 2025
The Daily Guardian
TIL, GUR & GHEE: INDIA'S CLASSIC WINTER TRINITY
As the temperature dips and fog wraps the mornings in a sleepy haze, Indian kitchens come alive with the crackle of sesame seeds, the sweetness of jaggery, and the unmistakable aroma of ghee. Together, these three humble ingredients — til (sesame), gur (jaggery), and ghee — create a trinity that has defined Indian winters for generations. Beyond their irresistible flavor liesa legacy of warmth, nourishment, and time-honored tradition.
2 mins
November 05, 2025
Listen
Translate
Change font size