Bitcoin hits record high above $116,000 on institutional demand; Dogecoin, Hedera rally up to 12%
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Bitcoin surged to a new all-time high of $116,893 in early trade on Friday, driven by strong institutional inflows and optimism around crypto-friendly policies under U.S. President Donald Trump. The world's largest cryptocurrency has now gained more than 25% year-to-date and is up 102% over the past 12 months. Ether, the second-largest cryptocurrency, also climbed over 7% to trade near $2,965 after touching a five-month high of $2,995. Other major altcoins joined the rally, including Dogecoin (+10%), Cardano (+10.5%), Solana (+4.6%), XRP (+6%), and Hedera (+12.2%). “Bitcoin soared past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation,” said Himanshu Maradiya, Founder and Chairman of CIFDAQ. “Institutional demand remains a major driver, with U.S. Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC.” Investor confidence has also been s...