Bitcoin Soars Past $111K Amid Trump Support and ETF Surge, Leaving Altcoins Behind

Bitcoin set a new all-time high Thursday morning, reaching above $111,000. Optimism prevails in the crypto markets, with altcoins like Ethereum, XRP, and Solana reacting in their own right.

A new chapter is beginning for the leading cryptocurrency Bitcoin: During the night, the price climbed to over $111,000, significantly exceeding the previous all-time high of around $109,000. Other prominent cryptocurrencies such as XRP (Ripple) , Solana, and Ethereum are simultaneously demonstrating relative strength. What’s happening in the international markets for Bitcoin and other cryptocurrencies?

Bitcoin’s seemingly unstoppable rise is closely linked to the election of Donald Trump as US President. As soon as Trump’s return to the White House was confirmed after the vote on November 5, Bitcoin surged to new all-time highs, initially breaking through the significant $80,000 and $90,000 levels. Then, at the beginning of December, the magic $100,000 barrier fell. When Trump was finally ceremoniously sworn into office on January 20, Bitcoin made headlines with another all-time high of around $109,000, which held until yesterday.

Trump’s crypto policy as fertilizer for Bitcoin

Trump had already portrayed himself as a Bitcoin president during his election campaign, promising to promote the crypto industry. His plan for a government-sponsored Bitcoin reserve has given BTC a new significance. Compared to his first term from 2017 to 2021, Trump’s view of Bitcoin and the crypto industry has completely reversed. We’ve analyzed how he transformed from opponent to supporter here .

Bitcoin ETFs a stroke of luck for the leading crypto currency

The approval of Bitcoin ETFs in the US in January 2024 also proved to be a catalyst for BTC. This made it possible for institutional investors to easily invest in Bitcoin in a regulated environment. Bitcoin ETFs have now raised nearly $43 billion in capital, setting new records. It has been shown that Bitcoin ETFs serve as a stabilizer during periods of BTC price weakness. Upswings like the current one are usually indicated several days in advance by Bitcoin ETFs. Bloomberg specialist Eric Balchunas now believes the Bitcoin rally has a good chance of continuing.

But Trump has also been poisonous to BTC for a time. When he threatened punitive tariffs this spring, the financial markets reacted with losses. Bitcoin even fell below $80,000 on April 8 and 9, the very date Trump declared a “Day of Liberation” and presented high trade tariffs as a key tool. Bitcoin’s rapid recovery from the shock is closely linked to Trump’s now signaling a relentless reversal. But the US dollar’s vulnerability to inflation, as revealed by Trump’s zigzag course, is certainly an argument for many investors to embrace the concept of Bitcoin as a store of value and inflation hedge.

Altcoins like Ethereum, XRP and Solana cannot follow BTC rally

Not everyone in the crypto scene will be pleased with the focus on Bitcoin Superstar. In previous boom phases, well-known cryptocurrencies from Ethereum to Solana typically benefited significantly and also set new all-time highs. This is unlikely to happen in 2025. Ethereum is currently making moderate gains, but remains at a price of just over $2,600, and can only dream of its all-time high of just under $4,900 from 2021.

Although Solana soared to a record high of $294 this January, it is currently back down to earth at a price of around $180. XRP still holds an all-time high from 2018 of just over $3.80, and the Ripple cryptocurrency is currently worth around $2.40. It is clearly evident that Bitcoin is in a league of its own. Bitcoin accounts for approximately 63 percent of all capital invested in cryptocurrencies, and the trend is rising.

Conclusion: BTC impressively demonstrates importance through record high

In the US, Bitcoin has long since become mainstream and can be found in the portfolios of millions of investors and an increasing number of institutions. Other parts of the world are lagging behind, partly hampered by overregulation. But as of today, anyone who has ever invested directly in BTC is in the black.

From this base, the focus is on the future; BTC price forecasts for this year suggest $200,000 is no longer uncommon. The major altcoins would like to measure themselves against these dynamics – but Ethereum, XRP, Solana, and others are clearly finding it difficult to sharpen their own profiles and thus develop momentum.

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(Featured image by Ivan Babydov via Pexels)

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