New Delhi, July 11 -- Bitcoin continued its winning streak on Friday, scaling another all-time-high on July 11, as institutional investors powered demand amid friendly policies of US President Donald Trump's administration.

Bitcoin prices breached the $116,000 mark earlier in the day for the first time ever and continued to move up as demand soared, according to reports by Reuters and Bloomberg.

The world's largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, as per a Reuters report.

As Bitcoin moved past $116,000 for the first time, the open interest, or the number of outstanding contracts on the Deribit exchange, has become concentrated around Bitcoin call options with $115,000 and $120,000 strike pric...