Bitcoin hit an all-time high this Thursday, surging past the $110,000 mark. This significant price jump is linked to investor uncertainty surrounding the U.S. economy and a lackluster performance in Treasury auctions, as well as President Trump’s efforts to push Congress for new spending and tax reforms. These factors have fueled a decline in the U.S. dollar, prompting investors to seek alternative assets. The Bitcoin price surge also indicates potential for continued growth in the cryptocurrency market. Contributing factors include a stock market recovery, renewed investment in Bitcoin exchange-traded funds (ETFs), and an increasing number of publicly traded companies holding Bitcoin.