In Short
- Bitcoin hits record $117,863.18, up 6.13% in the last 24 hours
- Other coins like Ethereum, XRP, Cardano, Dogecoin also rise sharply
- Trump’s crypto reserve order boosts investor confidence
Bitcoin has reached yet another record, crossing the $117,000 mark for the first time ever. At the time of writing at 11.00 am, the world’s largest cryptocurrency is trading at $117,863.18, climbing by 6.13% over the last 24 hours.
SUPPORTIVE POLICIES AND BIG INVESTORS DRIVE RALLY
Many experts say the recent rally is fuelled by big investors pouring in money and supportive moves from US President Donald Trump’s government. Back in March, Trump signed an order to create a crypto reserve for the country.
According to Ashish Singhal, Co-founder, CoinSwitch, “Bitcoin’s new all-time high above $116,000 is a clear sign that confidence in crypto is growing stronger. Institutional demand is rising, supported by more favourable signals from the Trump administration in the US.”
“This rally is not just about price; it reflects how crypto is maturing into a recognised asset class within the global financial system,” he said.
BITCOIN UP 24% IN 2025 SO FAR
This latest surge has brought Bitcoin’s gains for 2025 so far to about 24%. Many experts say the jump is thanks to large investors putting in fresh money and the friendly approach towards crypto by US President Donald Trump’s government.
Earlier in March, President Trump signed an order to build a strategic crypto reserve. This has lifted confidence and attracted more money into the crypto market.
OTHER COINS JOIN THE PARTY
It’s not just Bitcoin that is enjoying the moment. Other popular coins are rising too. Ethereum, which is the second-biggest crypto, climbed 8.66 % to reach $3,022.21.
XRP rose by 7% and is trading at $2.59, while Cardano hiked by 12.58%, Sui rose by 11.85%, Avalanche climbed by 8.53% and Hedera was up by 13.69%, over the previous day.
Meme coins like Dogecoin and Shiba Inu witnessed a price rise of 9.66% and 8.87%, respectively.
According to CoinDCX research Team, “With the recent rise, over $165 billion has been added to the crypto market cap, while $415 million worth of shorts have been liquidated. Meanwhile, Bitcoin surpasses the Taiwanese and Australian dollars in market capitalisation. On the other hand, Bitcoin long-term holders hit a 15-year-high, now controlling over 74% of the total supply.”
Crypto experts believe if the supportive policies continue, digital coins could see even more new money coming in. For now, investors are in a cheerful mood, hoping this rally still has more distance to go.
