{"id":16371,"date":"2025-07-11T14:37:27","date_gmt":"2025-07-11T09:07:27","guid":{"rendered":"https:\/\/entrepreneurmirror.com\/?p=16371"},"modified":"2025-07-11T14:37:27","modified_gmt":"2025-07-11T09:07:27","slug":"causes-bitcoin-to-rise-to-its-highest","status":"publish","type":"post","link":"https:\/\/entrepreneurmirror.com\/staging-site\/2025\/07\/11\/causes-bitcoin-to-rise-to-its-highest\/","title":{"rendered":"Demand From Institutional Investors Causes Bitcoin to rise to its Highest Level Ever"},"content":{"rendered":"<p>Demand from institutional investors and the administration of US President Donald Trump&#8217;s pro-crypto policies drove Bitcoin to its highest point ever on Friday. The biggest cryptocurrency in the world reached a high of $116,781.10 on Friday during the Asian session, increasing its year gains to almost 24%. The most recent price was $116,563.11.<\/p>\n<p>According to Joshua Chu, co-chair of the Hong Kong Web3 Association, &#8220;intense institutional accumulation is driving Bitcoin&#8217;s new all-time high &#8211; major players are snatching up supply and drying out liquidity on exchanges.&#8221;<\/p>\n<p>Trump issued an executive order in March to create a cryptocurrency strategic reserve. Additionally, he selected a number of crypto-friendly people, such as White House artificial intelligence czar David Sacks and Securities and Exchange Commission Chair Paul Atkins.<\/p>\n<p>Additionally, Trump&#8217;s family companies have ventured into the cryptocurrency space. According to an SEC filing on Tuesday, Trump Media Technology Group plans to introduce an exchange-traded fund to invest in a variety of cryptocurrency tokens, including Bitcoin. The second-largest cryptocurrency in the world, Ether, also surged by over 5% to $2,956.82 after reaching a five-month high of $2,998.41 earlier.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><a href=\"https:\/\/entrepreneurmirror.com\/staging-site\/s-japan-with-tariffs-of-up-to-35\/\">As the Deadline Approaches, Trump Threatens Japan with Tariffs of up to 35%\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/entrepreneurmirror.com\/staging-site\/amid-regional-tensions-the-indian\/\">Amid Regional Tensions, the Indian Embassy in Israel Issues a Safety Alert<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand from institutional investors and the administration of US President Donald Trump&#8217;s pro-crypto policies drove Bitcoin to its highest point ever on Friday. The biggest cryptocurrency in the world reached a high of $116,781.10 on Friday during the Asian session, increasing its year gains to almost 24%. The most recent price was $116,563.11. According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,4],"tags":[],"class_list":["post-16371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-world"],"_links":{"self":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts\/16371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/comments?post=16371"}],"version-history":[{"count":0,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts\/16371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/media?parent=16371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/categories?post=16371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/tags?post=16371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}