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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin's Wild Ride Above $111K – What Triggered The Surge?

Bitcoin Texas Adam Back Giovanni Capriglione Strategy
Bitcoin is the world's most valuable cryptocurrency. (Credit: André François McKenzie/Unsplash)

KEY POINTS

  • Bitcoin surged as high as $111,814 Thursday amid positive news around crypto
  • H100 became Sweden's first publicly-listed company to adopt a $BTC reserve strategy
  • Texas passed its strategic $BTC reserve bill – the bill is headed to the governor's desk

Bitcoin surged to a new all-time high this week, reawakening a cryptocurrency market that seemed to be losing steam in recent weeks due to lingering fears around the Trump trade war and other factors dampening market figures.

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