Bitcoin reached a new all-time high on Friday, driven by strong institutional demand and crypto-friendly policies introduced by U.S. President Donald Trump’s administration. The cryptocurrency peaked at US$118,357 during the Asian trading session, marking a 26% gain for the year. It was last seen trading near US$117,579.
In March 2025, President Trump signed an executive order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, both funded by cryptocurrencies seized during law enforcement operations.
Trump further signaled support for the sector by appointing David Sacks as the White House advisor on artificial intelligence and cryptocurrency.
Additionally, Trump Media & Technology Group filed with the SEC to launch a crypto-focused ETF that will invest in Bitcoin, Ethereum, Solana, XRP, and Cronos.
Ethereum, the world’s second-largest cryptocurrency, has also seen recent gains, although specific price figures have not yet been confirmed.
Sources: The Standard | Reuters
