A significant driver of Bitcoin’s upward momentum has been pro-crypto measures by President Donald Trump, who recently signed an executive order to create a U.S. Strategic Reserve of Cryptocurrencies in March 2025.
Bitcoin soared to a new record of $116,046.44 on Thursday, 11 July 2025, marking a 24 per cent rise this year, as institutional demand surged and policy clarity emerged under the second Trump administration. The rally is being viewed as a watershed moment in the cryptocurrency market’s integration with the global financial system.
The world’s largest cryptocurrency broke past its previous all-time high of $113,734.64, reaching the new peak by 9:27 pm GMT, according to Reuters. The surge follows a week of robust capital inflows, rising open interest in derivatives markets, and growing investor optimism spurred by US policy shifts. “Bitcoin’s latest rally is supported by both macro fundamentals and geopolitical tailwinds. There’s a strong signal coming from Washington,” said crypto strategist Anjali Mehta at FinVerse Capital.
White House Backing Bolsters Confidence
A significant driver of Bitcoin’s upward momentum has been pro-crypto measures by President Donald Trump, who recently signed an executive order to create a US Strategic Reserve of Cryptocurrencies in March 2025. This move is seen as a formal recognition of Bitcoin and other major cryptocurrencies as alternative stores of value.
The administration has also appointed crypto-friendly figures to key roles, including the Office of the Comptroller of the Currency and Commodity Futures Trading Commission (CFTC), offering the industry a more predictable regulatory pathway. “Trump’s executive order is a game-changer. It signals the institutionalisation of crypto within the US monetary framework,” said Rahul Raj, founder of Indian crypto platform KoinX.
Altcoins Join the Rally
Alongside Bitcoin, other major cryptocurrencies rallied:
- Ethereum (ETH) climbed 3.01 per cent to $2,905.24
The broader crypto market capitalisation rose by over $85 billion in the past 24 hours, according to CoinGecko. “This is the first time in months we’re seeing synchronised growth across Bitcoin and altcoins,” noted Leena Parmar, analyst at DigitX Research.
Institutional Demand Leading the Charge
Much of the renewed interest is attributed to institutional players including US hedge funds, sovereign wealth funds, and pension managers, who have reportedly increased their crypto allocations as a hedge against monetary instability and fiat depreciation.
Trading volumes on major exchanges like Coinbase and Kraken reached their highest daily levels in 2025. Bitcoin derivatives also saw sharp jumps in open interest on the Chicago Mercantile Exchange (CME). “There’s a noticeable uptick in derivative positioning and whale accumulation,” said Ali Nawaz, market strategist at MatrixQuant.
India’s Retail Investors Also Eyeing Crypto
India, home to one of the world’s largest crypto user bases, saw Binance India and CoinDCX report a 13–15 per cent surge in app downloads and new user registrations over the past week.
However, India’s regulatory stance remains cautious. The Ministry of Finance is reportedly in talks to revisit the 30 per cent capital gains tax and 1 per cent TDS on virtual digital assets, amid lobbying from domestic crypto startups. “If India wants to be part of this digital gold rush, regulatory clarity will be key,” said Tanvi Desai, founder of the Indian Blockchain Alliance.
What’s Next for Bitcoin and Crypto Markets?
Analysts are divided on Bitcoin’s next resistance level. Some technical models suggest consolidation above $110,000, while others see potential upside toward $125,000 by year-end—especially if the US Fed signals interest rate cuts later this summer. “This is not a speculative pop. It’s a structural rally,” stated Markus Thielen, Head of Research at 10x Research. “The combination of favourable policy, capital rotation into crypto, and supply scarcity is fuelling the rise.”