Anabelle Colaco
14 Jul 2025, 19:17 GMT+10
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto moves from the Trump administration.
The world's largest cryptocurrency was last trading around $122,000 on Monday, extending its year-to-date gains by over 25 percent.
The rally comes as President Donald Trump continues to embrace digital assets. In March, he signed an executive order to create a strategic cryptocurrency reserve. He has also appointed crypto-friendly figures to key roles, including Paul Atkins at the Securities and Exchange Commission and David Sacks as the White House AI czar.
Trump's own business interests are deepening their crypto involvement. Trump Media & Technology Group is planning to launch an exchange-traded fund that would invest in multiple crypto tokens, including bitcoin, according to a SEC filing at the beginning of this week.
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationNEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav, currently on an official visit to the UAE as part of the MP...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav on Monday said that a committee of Indian businessmen has taken...
New Delhi [India], July 14 (ANI): Counsel for Nimisha Priya, the Kerala nurse facing the death penalty in Yemen, on Monday has thanked...