Bitcoin Tops $111K as Global Markets Rally on Japan’s Economic Surge and China’s Strong GDP Data

Bitcoin extended its recovery rally on Monday, crossing the $111,000 mark as global risk appetite improved following record highs in Japanese equities and stronger-than-expected Chinese GDP data. According to CoinDesk, BTC rose 3.7% in 24 hours, rebounding sharply from last week’s low of $103,602. The broader crypto market followed Bitcoin’s lead, with Ethereum (ETH) climbing to $4,042.17, XRP advancing to $2.4642, Solana (SOL) trading at $192.88, BNBhitting $1,119.75, and Dogecoin (DOGE) at $0.2005, posting gains between 3% and 5%. The CoinDesk 20 Index surged 3.6% to 3,685 points.

Analysts cited Bitcoin’s falling RVT ratio—a measure comparing the Realized Cap to on-chain transaction value—as a bullish signal. Crypto analytics firm Alphractal noted that steep declines in the RVTS ratio have historically preceded major bull runs, indicating growing network activity and accumulation.

Investor sentiment was further boosted after Michael Saylor, executive chairman of MicroStrategy, hinted at new Bitcoin purchases, reinforcing confidence among institutional investors.

Meanwhile, Japan’s Nikkei 225 Index surged past 49,000 points for the first time ever, gaining 25% year-to-date. The rally was fueled by reports confirming Sanae Takaichi as Japan’s new Prime Minister, known for her support of Abenomics—a blend of fiscal expansion, structural reform, and low-interest policies. This development, paired with expectations of U.S. Federal Reserve rate cuts, lifted optimism across global markets.

In China, third-quarter GDP grew 4.8% year-on-year, slightly exceeding forecasts and strengthening investor confidence in Asia’s recovery. Meanwhile, the U.S. dollar index eased to 98.40, providing additional tailwinds for dollar-denominated assets like Bitcoin.

Gold traded steady around $4,250, suggesting potential exhaustion in the metal’s rally—a pattern that often coincides with renewed upswings in BTC and risk assets.