📈 Bitcoin soared to a new all-time high on Friday, reaching an intraday peak of $116,781.10 in Asian markets — marking a year-to-date gain of over 24%. The rally was fueled by a wave of institutional buying and renewed optimism following pro-crypto signals from the administration of U.S. President Donald Trump.
At last check, Bitcoin was trading around $116,563.11, maintaining strong upward momentum.
“Bitcoin’s new all-time high is being driven by relentless institutional accumulation — major players are scooping up supply and drying up liquidity on exchanges,”
— Joshua Chu, Co-Chair, Hong Kong Web3 Association
🏛️ Pro-Crypto Shift Under Trump Administration
The sharp rise coincides with a major policy shift in Washington, where President Trump has doubled down on supporting digital assets:
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Executive order signed in March to create a strategic reserve of cryptocurrencies.
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Appointment of crypto-friendly regulators, including SEC Chair Paul Atkins and AI Czar David Sacks.
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Trump family businesses are now entering the crypto space: Trump Media & Technology Group filed for a crypto ETF, with plans to invest in tokens like Bitcoin.
These steps have boosted market confidence and attracted significant institutional capital into the crypto market.
🔄 Altcoin Rally
Bitcoin’s rally has lifted the broader crypto market. Ethereum (ETH), the second-largest cryptocurrency, surged nearly 5% to $2,956.82, after briefly touching a five-month high of $2,998.41.
🧠 Quick Take:
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📊 BTC ATH: $116,781.10
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🏛️ Support: Trump’s crypto-friendly policies
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🏦 Demand: High institutional accumulation
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🔮 Outlook: Bullish momentum driven by political support and tightening supply
