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Bitcoin Tops $118,000 as Institutional Demand and Policy Support Fuel Rally

Robust ETF inflows combined with the Trump administration’s pro-crypto measures have driven this latest surge.

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Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE - In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah. (AP Photo/Rick Bowmer, File)
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Overview

  • The cryptocurrency has moved through successive milestones this week, climbing from $112,000 to over $118,000 in under three days.
  • More than $81 billion in Bitcoin traded over 24 hours, signaling heightened institutional activity.
  • Spot Bitcoin ETFs saw record inflows as major asset managers and corporate treasuries expanded their holdings.
  • President Trump’s March executive order to establish a strategic crypto reserve has bolstered regulatory clarity and investor confidence.
  • Analysts say new institutional platforms and ongoing demand could push Bitcoin toward $140,000 by year-end.