Bitcoin Hits Another Record High, Powered By Demand From Institutional Investors And Friendly Policies Of Trump

Reuters

2025/07/11

NEW YORK, July 10 (Reuters) - Bitcoin rallied to all-time highs on Thursday, powered by demand from institutional investors and friendly policies of U.S. President Donald Trump's administration.

The world's largest cryptocurrency BTC rose to $115,927.75 as of 19:22 ET, breaking the $113,734.64 record scored earlier on Thursday. It is now up about 24% this year.

In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Paul Atkins and White House artificial intelligence czar David Sacks.

Trump's family businesses have also made forays into cryptocurrencies. Trump Media & Technology Group DJT.O is looking to launch an exchange-traded fund to invest in multiple crypto tokens including Bitcoin, SEC filing on Tuesday showed.

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