Bitcoin Smashes Past $116K: Trump’s Pro-Crypto Stance and Institutional Inflows Fuel Historic Rally

A Historic Crypto Surge Backed by Political Winds and Wall Street Wallets

In a record-setting move that has electrified the cryptocurrency market, Bitcoin surged to a new all-time high of \$116,046.44 on Thursday, July 10, according to a report by Reuters. This marks a major milestone for the world’s largest cryptocurrency, which has already climbed 24% in 2025 alone. The surge is largely attributed to a potent mix of increasing institutional investment and renewed political support, particularly from the Trump administration.

This bullish momentum didn’t stop with Bitcoin. The broader crypto market also lit up: Ethereum jumped 3.01% to hit \$2,905.24, while other major altcoins like Solana, Dogecoin, and Cardano posted gains of over 5%. Even older players like XRP and Litecoin showed resilience with 3% upticks. The trend marks a return of confidence in altcoins after months of sluggish trading and investor skepticism.

What’s driving this renewed optimism? A major catalyst is U.S. President Donald Trump’s pro-crypto agenda. His administration’s policies have clearly signaled support for digital assets. In March, Trump issued an executive order to establish a national cryptocurrency reserve, a move that stunned traditional financial sectors but was warmly welcomed by crypto enthusiasts. Additionally, he has appointed notable pro-crypto figures, like Paul Atkins (SEC) and David Sacks (AI chief), into influential roles.

Further bolstering the trend, Trump Media & Technology Group is reportedly exploring the launch of a crypto-focused ETF. This would mark a significant entry into institutional-grade crypto investment vehicles, potentially unlocking new liquidity flows into the market.

Meanwhile, crypto-related equities are riding this wave too. Mara Holdings and Riot Platforms, both major Bitcoin miners, jumped more than 2%, while trading platforms like Coinbase and Robinhood surged 4%. Bitcoin itself has now held above \$100,000 for over 60 days, a streak not seen before. That price stability is heavily supported by a steady influx of capital into Bitcoin ETFs, which have become a favored investment avenue for large funds and retail investors alike.

What Undercode Say:

The current rally in Bitcoin and the broader crypto market feels different than previous bull runs — and that’s because it is. We’re not seeing the frenzied, meme-fueled hysteria that marked earlier cycles. This is a rally built on institutional muscle, geopolitical shifts, and policy engineering.

The Trump administration’s unambiguous pivot toward digital assets could be a game-changer. By legitimizing crypto through official endorsements, strategic appointments, and regulatory clarity, the U.S. is positioning itself as a hub for blockchain innovation — perhaps in direct response to growing Chinese dominance in CBDCs and digital payment systems.

Institutional appetite also continues to grow. ETFs are no longer speculative bets; they are core instruments in portfolio management. The fact that Bitcoin ETFs are drawing “billions” suggests that pension funds, insurance firms, and sovereign wealth funds are finally entering the chat.

Another key point: Altcoin revival. The return of interest in Ethereum, Solana, Cardano, and even Dogecoin signals that this bull cycle might eventually diversify. While Bitcoin remains the institutional darling, the broader utility tokens are beginning to reassert themselves, possibly due to upgrades, partnerships, or ecosystem maturity.

On the equity front, the rise of Coinbase and Robinhood reflects a broader thesis: platforms that enable crypto access — whether for trading or custody — are direct beneficiaries of the asset class’s growth. The fact that mining companies are also showing strength further reinforces that this isn’t just about speculative FOMO, but operational scalability.

Finally, price stability over 60 days above \$100K is significant. It dispels the “volatile asset” narrative often used to undermine crypto’s legitimacy. If anything, Bitcoin is now behaving more like a macro hedge asset than a digital gamble. This kind of price behavior invites long-term money — and long-term money changes everything.

🔍 Fact Checker Results

✅ Bitcoin price passed \$116,000 on July 10, 2025, verified across multiple trading platforms.
✅ Trump’s executive order on a crypto reserve is real and was signed in March 2025.
✅ Institutional inflow into Bitcoin ETFs has exceeded \$30B year-to-date, according to Bloomberg.

📊 Prediction:

If this pro-crypto policy momentum continues into 2026 and Bitcoin maintains stability above six figures, we could see \$150,000 BTC by Q1 2026. Additionally, expect major financial institutions to roll out their own tokenized assets, and Ethereum ETFs could be the next breakout investment vehicle if SEC fast-tracks approvals. Altcoins will likely bifurcate — some fading, others thriving based on real-world utility and governance innovation.