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Bitcoin jumps to record on institutional investor demand
Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from 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 so far to more than 24%. It was last trading at $116,563.11. “Bitcoin’s new all-time high is being driven by relentless institutional accumulation - major players are scooping up supply and drying up liquidity on exchanges,” said Joshua Chu, co-chair of the Hong Kong Web3 Association. In March, Trump signed an ... (full story)
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