Bitcoin Hits New All-Time High Amid Institutional Demand and Policy Support
On July 10, 2025, Bitcoin surged past its previous record to reach an all-time high of $116,046.44, marking a remarkable 24% increase so far this year. This new peak surpassed the earlier record of $113,734.64 set earlier the same day, underscoring the strong momentum in the crypto market. This bullish rally is largely attributed to growing demand from institutional investors coupled with supportive measures from the Trump administration.
U.S. President Donald Trump has taken notable steps to bolster the crypto industry, including signing an executive order to create a strategic reserve of cryptocurrencies. He has also appointed crypto-friendly officials such as Securities and Exchange Commission's Paul Atkins and AI czar David Sacks, signaling a more welcoming regulatory environment. Furthermore, Trump's business ventures are embracing cryptocurrency, with the Trump Media & Technology Group planning to launch a crypto exchange-traded fund (ETF) as revealed in a recent SEC filing.
Ethereum (ETH) also posted gains, rising by 3.01% to $2,905.24, showing that confidence is spreading beyond Bitcoin to other key digital assets.
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