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Friday, July 11, 2025
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Bitcoin Hits Record High of $116,781 Amid Strong Institutional Demand and Trump’s Pro-Crypto Policies

📈 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:

  • Executive order signed in March to create a strategic reserve of cryptocurrencies.

  • Appointment of crypto-friendly regulators, including SEC Chair Paul Atkins and AI Czar David Sacks.

  • 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:

  • 📊 BTC ATH: $116,781.10

  • 🏛️ Support: Trump’s crypto-friendly policies

  • 🏦 Demand: High institutional accumulation

  • 🔮 Outlook: Bullish momentum driven by political support and tightening supply

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