Bitcoin crosses $117K as Ether reaches $3,000 and XRP surges 5%
Bitcoin is now above $117,000 for the first time in its history, rising more than 60% from its lowest point in April. The exact figure? $117,080. Ether touched $3,000, before slightly bouncing back to $2,800 at the time of publication. Meanwhile, XRP surged 5% to $2.6.
This rally is occurring as the U.S. Dollar saw its steepest decline in six months since 1973, falling nearly 11% amid a simultaneous rally in tech stocks, led by Nvidia, which became the first company to reach $4 trillion. The timing of Bitcoin's price action aligns exactly with new warnings about U.S. debt, fiscal chaos, and an economy that is clearly slipping.
In early April 2025, Bitcoin had been falling as markets braced for another global trade war. On April 9, the White House paused tariffs, giving a 90-day delay. That was the same day Bitcoin hit bottom. Then, on April 20, without a single headline moving the markets, Bitcoin suddenly surged and did not stop. Something deeper was driving the rebound.
The U.S. government just raised the debt ceiling by $5 trillion, bringing it to $41.1 trillion. At this moment, the national debt hovers around $37 trillion. If things continue like this, the ceiling will be at its maximum again in less than three years. That is the real issue that is frightening the market.
