Bitcoin Soars to $116,046: 24% Surge This Year, Ethereum Up 3%
Bitcoin Reaches New Heights: Surges to $116,046 Amidst Institutional Interest
Bitcoin’s Record Surge
Bitcoin has achieved a remarkable milestone, climbing to an unprecedented value of $116,046.44 on Thursday. This surge is largely attributed to heightened interest from institutional investors and favorable cryptocurrency regulations introduced during the Trump administration.
Breaking Previous Records
Earlier in the day, Bitcoin had already surpassed its former peak of $113,734.64, continuing its upward trajectory by 9:27 PM GMT. This impressive rally has seen the leading cryptocurrency increase by approximately 24% in 2025, according to reports from Reuters.
Impact of Policy Changes
The recent momentum in Bitcoin’s price can be traced back to significant policy changes under President Trump. In March, he enacted an executive order aimed at establishing a strategic reserve for cryptocurrencies. Additionally, several advocates for cryptocurrency have been appointed to influential roles within the administration.
Altcoins Join the Rally
The positive sentiment surrounding Bitcoin has also positively impacted other cryptocurrencies. As of 9:30 PM GMT, ethereum experienced a 3.01% increase, reaching $2,905.24.
Continued Growth for Altcoins
Following a slow start to the year, altcoins have gained traction for the second consecutive day. Notable increases include Ether and Solana (SOL), both rising over 2%. Meanwhile, Dogecoin and Cardano have seen gains exceeding 5%, and both XRP and Litecoin recorded a 3% uptick.
Conclusion
The current landscape of cryptocurrency is marked by significant growth and optimism, driven by institutional demand and supportive policies. As Bitcoin and other cryptocurrencies continue to rise, the market is poised for further developments in the coming months.
