Bitcoin jumps to record on institutional investor demand
Source - Reuters
BITCOIN BITCOIN BITCOIN 💪💪💪
Bitcoin hit a record high of $116,781.10 on Friday, driven by strong interest from big investors and crypto-friendly policies under U.S. President Donald Trump.
So far this year, Bitcoin has gained over 24%. In March, Trump signed an executive order to create a strategic crypto reserve and appointed crypto-supportive officials.
His family business also plans to launch a crypto investment fund. Nvidia’s strong market performance added to the market's optimism.
Ether, the second-largest cryptocurrency, also rose over 5%, reaching a five-month high of $2,998. This shows growing confidence in the cryptocurrency market.
