Bitcoin Hits Record High Above $116,000
Bitcoin price surged to a record $116,781.10 during Asian trading on Friday, July 11, 2025. The rise is a result of both the administration’s pro-crypto policies under US President Donald Trump and the growing demand from institutional investors.
According to the latest data, the price of Bitcoin stayed stable at $116,563.11, marking a 24% increase so far this year.
Institutional Demand Fuels Growth
One of the main causes of the rise in Bitcoin, according to cryptocurrency experts, is the high number of institutional investors.
“Bitcoin’s new all-time high is being driven by relentless institutional accumulation – major players are scooping up supply and drying up liquidity on exchanges,” said Joshua Chu, co-chair of the Hong Kong Web3 Association.
This sustained demand has significantly reduced available BTC supply on exchanges, adding upward pressure on the bitcoin price USD.
Trump’s Crypto-Friendly Moves Boost Investor Confidence
President Trump’s involvement with cryptocurrencies increased significantly in 2025. In March, he also signed an executive order establishing a strategic cryptocurrency reserve, which helped to enhance market sentiment.
The industry has applauded significant appointments such as Paul Atkins as the chair of the SEC and David Sacks as the White House chief of AI and crypto policy.
In a notable development, Trump Media & Technology Group (DJT.O) filed plans with the SEC to launch a crypto ETF that would invest in multiple tokens, including BTC.
What’s Driving the Bitcoin Boom?
If you’re wondering why is Bitcoin going up, several converging factors offer an explanation:
- Institutional buying is drying up exchange supply.
- Trump’s pro-crypto policies are attracting new players.
- As a store of value, Bitcoin is becoming increasingly alluring due to global financial volatility.
- Investor confidence has increased as a result of the current U.S. administration’s regulatory clarity.
Altcoins Rally in Tandem
Other cryptocurrencies have followed Bitcoin’s lead. Ether (ETH), the second-largest crypto by market cap, jumped nearly 5% to $2,956.82, briefly hitting a five-month high of $2,998.41 earlier in the session.
Source: Reuters
