Bitcoin Price Hits $117,000 ATH; Trump & Sun Spark Fresh Crypto Frenzy
2025-07-10 23:27:43

Main Idea
Bitcoin reached an all-time high of $117,000, driven by market optimism and high-profile investments, while regulatory developments in Europe aim to boost institutional confidence in crypto.
Key Points
1. Bitcoin hit a record high of $117,000, with a 4.20% gain, supported by $92.9 billion in daily trading volume.
2. Donald Trump Jr. invested $4 million in Thumzup Media, which holds Bitcoin, Ethereum, Solana, Dogecoin, and XRP, signaling the Trump family's growing crypto involvement.
3. Justin Sun pledged to buy $100 million worth of Trump’s memecoin ($TRUMP), despite its 87% decline since January, indicating renewed interest in crypto-linked assets.
4. ESMA reviewed Malta’s MiCA licensing, noting partial compliance, and emphasized the need for tighter crypto regulation across the EU to harmonize standards.
5. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, raised over $2 million in its presale, leveraging Solana’s speed and Bitcoin’s security for broader adoption.
Description
Bitcoin reached an all-time high of $117,000 on Thursday, driven by a perfect storm of political support, large crypto bets, and strengthening regulations, resulting in a 4.20% gain. The $92.9 billion in daily trading volume was a sign of renewed interest from both institutions and retail investors. Donald Trump Jr.’s recent $4 million investment in Thumzup Media—a firm expanding its treasury into Bitcoin, Ethereum, Solana, Dogecoin, and XRP—reflects the Trump family’s deepening crypto roots. Wh...
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