Islamabad, May 22, 2025: The price of Bitcoin has surpassed the 110-thousand-dollar mark for the first time on early Thursday morning. After dipping to a low of $75,000 in early April, the digital giant has rebounded by more than $30,000, regaining investor trust along the way.
By 6:00 AM Pakistan Standard Time, Bitcoin had climbed by nearly 4 percent, touching $110,100. An hour and a half later, around 7:50 AM, it remained steady at $109,881, reflecting a 3 percent rise.
This upswing follows renewed enthusiasm among investors, with several world economies showing increased acceptance of cryptocurrency, seeing it as a path to substantial returns.
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A source said that thousands of new Pakistani investors have recently poured capital into various small and mid-tier cryptocurrencies. This followed Wednesday’s announcement by the Ministry of Finance about establishing the Pakistan Digital Assets Authority (PDAA), a body aimed at overseeing virtual assets and boosting the country’s growing $25 billion crypto market.
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Many commentators now believe Bitcoin could hit $200,000 before 2025 ends, if current trends hold. Meanwhile, Ethereum (ETH) saw a 2.45 percent increase, rising to $2,590, Solana gained 3.8 percent to $175, and BNB traded at $679 per token at the time of reporting.
