Finance
Bitcoin jumps to record on institutional investor demand
Published by Global Banking & Finance Review®
Posted on July 10, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 10, 2025
2 min readLast updated: January 23, 2026
Bitcoin hits a record high driven by institutional demand and favorable U.S. policies, with major players accumulating and reducing exchange liquidity.
NEW YORK/SINGAPORE (Reuters) -Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration.
The world's largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year so far to more than 24%. It was last trading at $116,563.11.
"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," said Joshua Chu, co-chair of the Hong Kong Web3 Association.
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 Chair Paul Atkins and White House artificial intelligence czar David Sacks.
Trump's family businesses have also made forays into cryptocurrencies. Trump Media & Technology Group is looking to launch an exchange-traded fund to invest in multiple crypto tokens including Bitcoin, an SEC filing on Tuesday showed.
Ether, the world's second-largest cryptocurrency, similarly jumped nearly 5% to $2,956.82, after earlier hitting a five-month high of $2,998.41.
(Reporting by Chibuike Oguh in New York and Disha Mishra in Bengaluru; Editing by Nick Zieminski, Richard Chang, Christian Schmollinger and Kate Mayberry)
Bitcoin's new all-time high is being driven by relentless institutional accumulation, with major players scooping up supply and drying up liquidity on exchanges.
In March, President Trump signed an executive order to establish a strategic reserve of cryptocurrencies, which has contributed to the positive sentiment in the market.
Ether, the world's second-largest cryptocurrency, jumped nearly 5% to $2,956.82, after earlier hitting a five-month high of $2,998.41.
Trump's administration has appointed several crypto-friendly individuals and initiated policies that support the growth of the cryptocurrency market.
As of the latest trading session, Bitcoin was last trading at $116,563.11 after reaching a peak of $116,781.10.
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