Bitcoin reached a new historic maxim on Friday (11), driven by increased demand from institutional investors and favorable policies by US President Donald Trump.
The world’s leading cryptocurrency reached a peak of $ 116,781.10 during the Asian session, accumulating an appreciation of more than 24% in the year. In the early morning, the currency was negotiated at $ 116,563.11.
Bitcoin’s strong performance is partly attributed to the explicit support of the US government. In March, Trump signed an executive order to create a strategic cryptocurrency reserve, measured as a milestone in the integration of digital currencies into the US economic policy.
The Trump family has also been directly involved in the sector. Trump Media & Technology Group has announced plans to launch an ETF (negotiated background) focused on various digital tokens, including Bitcoin itself. The project was detailed in a document delivered to SEC last Tuesday (8).
Other cryptocurrencies also benefited from market optimism. Ether (ETH), the second largest crypto in the world, rose almost 5%, being quoted at $ 2,956.82, after reaching the maximum of $ 2,998.41, higher level in five months.
