Bitcoin (BTC) has set a new all-time high of $110,099 on early Thursday morning. For those who haven’t been following BTC’s journey from hell back this year, the flagship currency has gained over $30,000 since dropping as low as $75,000 in early April.
At around 6 AM Pakistani Time, BTC was up nearly 4 percent to as high as $110,100. At 7:50 AM PKT, it was up by 3 percent and sat comfortably at $109,881.
A market insider told ProPakistani that several thousand new Pakistani investors entered the space with big investments in small to medium-sized digital currencies after the Ministry of Finance on Wednesday announced the initiation of the Pakistan Digital Assets Authority (PDAA) to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy which is currently worth over $25 billion.
Many commentators are projecting an even higher jump to somewhere around $200,000 by the end of the current calendar year (2025).
At the time of press, Ethereum (ETH) was up 2.45 percent at $2,590 while Solana was up 3.8 percent at $175 and BNB at $679 per coin.
