Bitcoin. Credits: Pexels, worldspectrum
Bitcoin’s Bull Run followed on Friday, July 11th, breaking a fresh high and driving debate across the financial markets.
The world’s largest cryptocurrency has skyrocketed to $118,239 (108,778 Euro), driven by institutional demand and pro-crypto signals from Donald Trump’s administration.
Early on Friday morning, Bitcoin repeated several key thresholds ($113,000 (€96,713) and then 115,000 (€98,394) before reaching $118,239 (€101,219).
According to COINMARKETCAP Data: The global cryptocurrency market has skyrocketed 5.92%, and is currently valued at $3.67 trillion (3.14 trillion euros).
Analysts point to the large financial institutions buying Bitcoin as the key driver behind the rally.
Joshua Chu, co-chair of the Hong Kong Web3 Association, said: Reuters.
Trump accepts digital assets
Another major factor in the Bitcoin Bull Run? Trump’s recent policy shift to crypto.
In March, Trump signed an executive order to create a strategic US cryptocurrency. He has also appointed cryptic-friendly figures to key roles, such as SEC Chair Paul Atkins and AI advisor David Sachs.
Even Trump’s family business is rising. This week’s SEC filing revealed that Trump Media & Technology Group (DJT.O) is planning to launch a cryptographic ETF that covers multiple digital assets, including Bitcoin.
These moves contrast sharply with the careful approach taken by previous administrations, and many market watchers see it as a turning point.
Ethereum also rides the waves
The rise of Bitcoin was not the only major crypto story. Ethereum, the second largest cryptocurrency, also surged to a five-month high of $2,998.41 (2,565.59 Euros), before setting down to $2,993 (2,561.92 Euros). It has increased by about 7% over the past 24 hours.
Bitcoin has grown almost 26% since its launch in 2025.
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