Bitcoin has surged to an all-time high of $114,921, reflecting a significant rally in the cryptocurrency market. This surge coincides with recent policy shifts under President Donald Trump's administration, which have been perceived as more favorable toward digital assets.
In early 2025, President Trump signed an executive order establishing the Strategic Bitcoin Reserve, aiming to position the United States as a global leader in digital assets. This move was followed by the appointment of Paul S. Atkins, known for his pro-crypto stance, as Chair of the Securities and Exchange Commission . These actions have been interpreted as a de-escalation of the previous administration's regulatory approach toward cryptocurrencies.
The SEC's recent decision to drop lawsuits against major crypto exchanges, including Coinbase and Binance, has further bolstered market confidence. This shift is seen as a symbolic end to one of the most aggressive crypto crackdowns in U.S. history.
Market analysts suggest that these policy changes have contributed to the current bullish trend in the crypto market. The establishment of the Strategic Bitcoin Reserve, in particular, has been viewed as a significant endorsement of Bitcoin's role in the financial system.
As the U.S. government continues to embrace digital assets, the cryptocurrency market is expected to experience increased institutional adoption and regulatory clarity, potentially leading to sustained growth in the sector.
