Bitcoin Soars on Trump’s Crypto Push
Bitcoin has surged past $124,000, hitting a new all-time high on the back of President Trump’s aggressive pro-crypto stance.
What’s Driving the Surge
White House Backing – Trump’s Strategic Bitcoin Reserve and his approval for crypto in 401(k) plans have marked the most crypto-friendly position yet from the Oval Office.
Regulatory Tailwinds – Softer SEC enforcement and pro-crypto appointments are boosting market confidence.
Corporate Buys – Trump Media invested $2 billion in Bitcoin, while Trump-backed World Liberty Financial committed $1.5 billion to its own crypto holdings.
The combination of political support, regulatory easing, and big-ticket corporate accumulation has triggered renewed institutional interest and billions in fresh capital flowing into the market.
Caution remains warranted—crypto’s volatility means sharp gains can reverse just as quickly.
