Bitcoin Breaks Past $117,000 Amid Policy Boost and Institutional Momentum
Bitcoin has soared to an unprecedented milestone, surpassing the $117,000 mark for the first time. As of 11:00 a.m., the flagship cryptocurrency was trading at $117,863.18—an increase of 6.13% over the past 24 hours.
Surge Driven by Institutional Interest and US Policy Support
Market analysts attribute the recent upswing to heightened interest from major investors and recent favorable actions by the U.S. government under President Donald Trump. Notably, Trump signed an executive order in March aiming to establish a national cryptocurrency reserve, a move that has strengthened confidence in digital assets.
Ashish Singhal, Co-founder of CoinSwitch, noted, “Bitcoin surpassing $116,000 signals growing institutional trust in crypto. Supportive cues from the Trump administration are reinforcing this trend.”
He further emphasized that the rally reflects more than just bullish prices—it underscores crypto’s increasing integration into the mainstream global financial landscape.
Bitcoin Rallies 24% in 2025 So Far
So far in 2025, Bitcoin has gained around 24%, thanks largely to deep-pocketed investors and friendly government initiatives. The executive order establishing a crypto reserve has particularly uplifted investor sentiment, attracting substantial inflows into the market.
Bitcoin’s momentum has also carried over to other major cryptocurrencies. Ethereum, the second-largest by market cap, jumped 8.66% to $3,022.21. XRP surged 7% to $2.59, while Cardano rose by 12.58%, Sui by 11.85%, Avalanche by 8.53%, and Hedera by 13.69%.
Even meme tokens have joined the rally—Dogecoin climbed 9.66%, and Shiba Inu saw an 8.87% gain over the past day.
According to the CoinDCX research team, the crypto market capitalization has grown by more than $165 billion recently, with over $415 million in short positions being liquidated. They also highlighted that Bitcoin’s total market value has now overtaken both the Australian and Taiwanese dollars. Additionally, long-term holders of Bitcoin currently control over 74% of its total supply—marking a 15-year high.
Crypto market watchers suggest that if supportive global policies continue, further capital could flow into digital assets. For now, optimism is high among investors, many of whom believe this rally has further room to run.
