Bitcoin rallies to another record high, up 55% since April lows
World’s largest cryptocurrency, Bitcoin, has surged to another record high. Powered by demand from institutional investors and friendly policies of the US President Donald Trump’s administration, it rose to a peak of $116,046.44. Less than 24 hours ago, it touched $1,12,000 showing a 39% surge in three months.
This comes after Trump’s executive order in March of establishing a strategic reserve of cryptocurrencies. Entities like the Securities and Exchange Commission’s Paul Atkins and White House artificial intelligence czar, David Sacks, came with a friendly voice for crypto surges.
