Bitcoin hits record high of $116,781 on institutional investor demand

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Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and friendly policies of US President Donald Trump’s administration.

The world’s largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year thus far to more than 24%.

In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Paul Atkins and White House artificial…



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Bitcoin hits record high of $116,781 on institutional investor demand



Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and friendly policies of US President Donald Trump’s administration.

The world’s largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year thus far to more than 24%.

In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Paul Atkins and White House artificial…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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