Bitcoin reached a new all-time high of over $109,000 on April 20, 2025, surpassing the previous record of $109,228 set on January 20, 2025.
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This new milestone was achieved following a broader crypto market surge driven by regulatory optimism. The Senate had recently advanced the GENIUS (Giving Energy-Efficient New Investments a U.S. Market) Act, which introduces the first regulatory framework for stablecoins, a type of cryptocurrency pegged to the value of traditional currencies like the U.S. dollar. The bill includes consumer protection measures and guidelines for companies issuing stablecoins, such as maintaining a reserve of assets to back the digital currency. Despite earlier opposition from Democrats over concerns about Trump-related crypto projects, the act aims to ensure transparency and compliance with anti-money laundering laws and anti-terrorism sanctions. The advancement of the bill has bolstered investor confidence in the crypto market, contributing to the significant increase in Bitcoin's price.
Additionally, other cryptocurrencies like Ethereum, XRP, Solana, and Dogecoin also experienced substantial gains in the last 24 hours, contributing to an overall increase of approximately $111 billion in the global crypto market's total value.