Bitcoin reached a historic maxim on Friday (11), driven by the demand of institutional investors and policies favorable to the cryptocurrencies of US President Donald Trump.
It reached the peak of $ 116,781.10 in the Asian session this Friday, raising its earnings in the year so far to over 24%. The last negotiation was US $ 116,563.11.
“Bitcoin’s new historic maxim is being driven by the relentless institutional accumulation – the main players are increasing the offer and drying liquidity in brokerages,” said Joshua Chu, co -president of the Hong Kong Web3 Association.
In March, Trump signed an executive order to establish a strategic cryptocurrency reserve. He also appointed several individuals favorable to cryptocurrencies, including the president of the Securities Commission (SEC), Paul Atkins, and the Chief of Artificial Intelligence of the White House, David Sacks.
Trump’s family business also made raids on the cryptocurrency market. Trump Media & Technology Group is seeking to launch a negotiated stock fund to invest in various cryptocurrency tokens, including Bitcoin, as released in SEC on Tuesday (8).
Ether (ETH), the second largest cryptocurrency in the world, also jumped almost 5%to $ 2,956.82, after reaching the maximum of five months of $ 2,998.41.
