Pakistan, May 22 -- Bitcoin soared to a new all-time high on Wednesday, climbing 2% to reach $109,481.83 and breaking its previous January record. The digital currency's surge follows a rebound in investor risk appetite after last month's sell-off triggered by global trade tensions. Analysts say Bitcoin's rally is closely tied to the tech-heavy Nasdaq's recovery, which has jumped 30% since early April.

The weakening US dollar has also played a role, pushing investors toward alternative assets like Bitcoin. As traditional currencies lose strength, digital assets become more attractive for long-term storage of value and investment diversification. This macroeconomic shift is drawing both retail and institutional interest back into the cryp...