Bitcoin (BTC) soared to a new all-time high of $110,099 early Thursday morning, capping off a dramatic rebound that has seen the world’s leading cryptocurrency gain over $30,000 since hitting a low of $75,000 in April.

At around 6 AM Pakistani Time, BTC was up nearly 4 percent, briefly touching $110,100. By 7:50 AM PKT, the digital asset was still holding strong, trading at $109,881—a 3 percent increase for the day.

The surge comes amid renewed global enthusiasm for cryptocurrencies, as more economies signal their intent to embrace digital assets. This wave of optimism has fueled a fresh appetite for risk among investors, with many eyeing even greater gains ahead.

In Pakistan, the crypto market is buzzing after the Ministry of Finance announced the launch of the Pakistan Digital Assets Authority (PDAA) on Wednesday. The new regulatory body aims to oversee and accelerate the growth of the country’s burgeoning virtual asset economy, which is already valued at over $25 billion.

A market insider told ProPakistani that the announcement has prompted thousands of new Pakistani investors to pour significant capital into small and mid-cap digital currencies, hoping to ride the crypto wave.

Market commentators are now speculating that Bitcoin could climb even higher, with some predicting a potential rally to $200,000 by the end of 2025.

Other major cryptocurrencies also posted gains. At press time, Ethereum (ETH) was up 2.45 percent at $2,590, Solana had risen 3.8 percent to $175, and BNB was trading at $679 per co