Riot Platforms Inc (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) are trading higher Thursday as bitcoin climbs to new all-time highs.

Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.

Bitcoin’s record high has analysts eyeing a potential altcoin rally—if market conditions align and the crypto's dominance hits a key level.

Bitcoin's all-time high could trigger the next XRP surge. Explore the latest XRP price, ETF developments, and expert forecasts for 2025.

Michael Saylor's Strategy has announced plans to raise as much as $2.1 billion through the sale of its 10% Series A Perpetual Strife Preferred Stock.

Today, the Liquid Federation has announced that the Liquid Network has surpassed $3.27 billion in total value locked (TVL), according to a press release shared with Bitcoin Magazine.

Bitcoin finally reached a new all-time high (ATH) after a four-month lull, nearing $109,500 on May 21. The cryptocurrency last hit the ATH of $109,241 on Jan. 20, ahead of pro-crypto Donald Trump's presidential inauguration.

S&P 500 and Nasdaq futures are also rising before the market opens. Treasury yields are falling back. Bitcoin is extending gains from a new record high above $100,000.