Bitcoin rose by 3.4% on Thursday, reaching its highest level at $111,980 before experiencing a slight decline on Friday to $110,670. This increase was not limited to Bitcoin alone, as the "Ethereum" cryptocurrency — the second largest — also rose by 7.3% during one trading period.
This surge coincided with President Trump organizing a private dinner at his golf club near Washington, where he hosted top investors in his digital token "$Trump". This event drew sharp criticism from Democratic lawmakers and experts who accused him of "selling influence".
In a post on the "Truth Social" platform, Trump wrote on Thursday evening: "The United States dominates the cryptocurrency market, and Bitcoin, and we will continue on this path!".
With growing institutional demand for Bitcoin and increasing momentum for new investment projects in the crypto sector.
