Bitcoin price hits new record high after sudden surge
Bitcoin now more valuable than silver after morning surge
- Bitcoin achieved a new all-time high on Friday morning, with its price surging above $118,000 (£87,000) for the first time in its history.
- The cryptocurrency's market capitalisation now exceeds $2.3 trillion, surpassing tech giants like Alphabet and Meta, and notably overtaking silver.
- The record-breaking rally was initiated following Donald Trump’s “Liberation Day” announcement on 2 April, which led investors to turn to alternative assets.
- Experts highlight significant institutional accumulation and the asset's stability, even amidst considerable macroeconomic uncertainty and rising global geopolitical tensions.
- Crypto market analysts predict Bitcoin could reach an average of $145,167 by the end of 2025, with some forecasting the current bull run's peak around the first quarter of 2026.