Pakistan, July 11 -- Bitcoin soared to a new all-time high of $116,781 on Friday during the Asian trading session, driven by a surge in demand from institutional investors and crypto-friendly policies by U.S. President Donald Trump. The world's largest cryptocurrency has now gained over 24% in 2025 so far.

Experts say the rally is being powered by large-scale accumulation. "Major institutions are buying aggressively, reducing liquidity on exchanges," said Joshua Chu, co-chair of the Hong Kong Web3 Association. This demand squeeze has accelerated Bitcoin's climb to unprecedented levels.

Trump's recent moves have boosted market confidence. In March, he signed an executive order to create a strategic cryptocurrency reserve. Additionally, h...