On Wednesday, Bitcoin $BTCUSD, the world’s largest cryptocurrency by market capitalization, surged past its previous January peak to reach a new all-time high. The digital asset climbed to an unprecedented level of $109,760.08 before settling around $108,117, marking a 1.1% increase. This rally follows a period of market volatility triggered by trade tariffs and geopolitical tensions, with improved risk sentiment propelling demand for Bitcoin as an alternative store of value.