Bitcoin Surges to New All-Time High Amid Trump’s Crypto Endorsement

Bitcoin has skyrocketed to a new peak of $112,000, currently trading around $111,046.88. The rally is driven by mounting institutional interest, concerns over U.S. debt, and increasing political backing—most notably from former President Donald Trump. Pro-crypto sentiments, relaxed regulatory stances, and bipartisan support for a stablecoin bill are further fueling the bullish trend.

Trump's ties to crypto are deepening. Billionaire Justin Sun recently poured $19 million into Trump’s meme token, $TRUMP, and is expected to attend a private dinner with him. Meanwhile, the Trump family’s venture, “American Bitcoin,” is preparing to go public, raising ethical questions and potential conflict of interest concerns. In response, Rep. Maxine Waters has introduced the “Stop $TRUMP in Crypto Act.”

Elsewhere, Coinbase was hit by a $400 million cyberattack involving insider bribery. Despite the breach, the exchange was added to the S&P 500, marking a milestone in crypto’s mainstream acceptance. In France, a wave of violent kidnappings targeting crypto executives has emerged, with ransom demands paid in digital assets.

Meanwhile, phishing scams are becoming more sophisticated, with counterfeit Ledger correspondence being sent via mail. As regulatory discussions intensify and global interest in crypto surges, the digital asset market remains in the spotlight.