Bitcoin breaks $117,000 mark
Bitcoin Soars To Record Of $117,780 , Reaches All-Time High : At the time of writing at 11.00 am, the world’s largest cryptocurrency is trading at $117,863.18, climbing by 6.13% over the last 24 hours. Crypto experts believe if the supportive policies continue, digital coins could see even more new money coming in.
Bitcoin Reaches All-Time High Bitcoin has reached yet another record, crossing the $117,000 mark for the first time ever. At the time of writing at 11.00 am, the world’s largest cryptocurrency is trading at $117,863.18, climbing by 6.13% over the last 24 hours.
Demand from institutional investors and US President Donald Trump’s crypto-friendly policies have helped the world’s largest cryptocurrency, Bitcoin, to rise to a record high of $1,17780.34. It has shown an uptick of more than 21.3 per cent since last year.
In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. Others in Trump’s administration, including White House Artificial Intelligence czar, David Sacks, and Securities and Exchange Commission’s (SEC) Paul Atkins, have both been backing crypto surges.
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But, the biggest push perhaps came from Trump’s decision to foray into bitcoin and other cryptocurrencies through his family business, Trump Media and Technology Group, which is planning to launch an exchange-traded fund to invest in various crypto tokens including Bitcoin, an SEC filing revealed.
According to Ashish Singhal, Co-founder, CoinSwitch, “Bitcoin’s new all-time high above $116,000 is a clear sign that confidence in crypto is growing stronger. Institutional demand is rising, supported by more favourable signals from the Trump administration in the US.”
“This rally is not just about price; it reflects how crypto is maturing into a recognised asset class within the global financial system,” he said.
BITCOIN UP 24% IN 2025 SO FAR
This latest surge has brought Bitcoin’s gains for 2025 so far to about 24%. Many experts say the jump is thanks to large investors putting in fresh money and the friendly approach towards crypto by US President Donald Trump’s government.
Earlier in March, President Trump signed an order to build a strategic crypto reserve. This has lifted confidence and attracted more money into the crypto market.
Trump Media, in which Trump is the largest shareholder despite not holding any position, had previously raised $2.5 billion in cash to invest in Bitcoin.
With July 14 marking the start of the ‘Crypto Week’, investors are eagerly awaiting crypto surges as attention shifts from Trump’s trade-related announcements and renewed deadlines. Ethereum, another cryptocurrency, rose by 6.4% to $3,001.91 since Trump returned to the White House in January, 2025.
The Reserve Bank of India’s (RBI) governor, Sanjay Malhotra, meanwhile, told a parliamentary panel that the central bank was closely monitoring global cryptocurrency developments as it remains concerned about the impact of crypto on financial stability. India is also expected to release a paper on crypto soon.
While the RBI has been emphasising the effectiveness of UPI for digital payments, it is also developing its own CBDC or the Digital Rupee (e₹) – a digital version of India’s physical currency, the Rupee.
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