New Delhi, July 13 -- Bitcoin is currently trading above $117,000, setting a new record for the cryptocurrency. The recent rally coincided with US President Donald Trump's latest tariff announcements, which resolved near-term uncertainty for markets.

The jump in Bitcoin prices is part of a broader upward trend. Since Trump's re-election in November, Bitcoin has continued to climb steadily, its market capitalisation now surpassing even that of Google. It is not just Bitcoin. Total crypto market capitalisation has grown from under $2.5 trillion in June 2024 to $3.7 trillion now.

These developments follow a significant shift in US crypto policy. Trump reversed his earlier anti-crypto stance and appointed several pro-crypto figures in key r...