Bitcoin surged to a new record high of $109,481 on Thursday, fueled by growing optimism that U.S. lawmakers are on the brink of finalizing long-awaited regulations for digital assets, according to a report from the Financial Times.
The cryptocurrency’s latest rally saw it surpass its previous peak of $109,000, set in January, and extend a month-long climb of more than 33%. The surge reflects renewed confidence across crypto markets as regulatory clarity appears closer than ever.
At the heart of the anticipated legislation is a proposed framework for stablecoins—digital tokens pegged to the U.S. dollar that are widely used for trading and payments but remain outside the traditional banking system. Analysts suggest that formal recognition and oversight of these instruments could further legitimize the broader digital asset ecosystem and attract institutional investment.
Investor sentiment has also been buoyed by a softening in concerns over President Donald Trump’s aggressive tariff policies, which had previously cast uncertainty over financial markets.
Bitcoin’s milestone underscores the growing convergence between crypto and traditional finance, and marks a pivotal moment for the industry as it awaits its first comprehensive regulatory framework in the U.S.
