🐋🚀 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 rose to a peak of $116,868 , breaking the $113,734.64 record scored earlier on Thursday. It is now up about +24% this year.
Bitcoin rallied Thursday to a new all-time high above $116,000, the latest milestone for the cryptocurrency in recent months as House Republicans appeared to stoke regulatory optimism among crypto investors.
☝️ Other cryptocurrencies have surged over the last 24 hours, including ethereum (up 7%), XRP (5.3%), Solana (4.3%) and the meme token dogecoin (6.2%).
Bitcoin has traded over $100,000 in recent months as investors appear to sustain optimism for pro-crypto policies under President Donald Trump. The latest rise for bitcoin comes as both the Nasdaq and S&P 500 set new closing records, and as Nvidia became the first company valued at $4 trillion.
House Republicans have echoed Trump’s call during his presidential campaign for the U.S. to become the “crypto capital of the planet,” and his election victory sent bitcoin above $100,000 for the first time within a month of Election Day. Growth slowed in the months after Trump’s inauguration before he announced the U.S. would establish a digital asset stockpile.
#BTCBreaksATH