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Bitcoin (BTC-USD) surged to a new all-time high on Friday, fueled by growing institutional interest and supportive signals from the Trump administration.

The world’s largest cryptocurrency by market cap climbed to a peak of $117,787.70 during the Asian trading session on Friday. Ether (ETH-USD), the world's second-largest cryptocurrency, rose 2.3% to $3,019.08.

Other notable crypto gainer included XRP (XRP-USD) +1.9%, Binance Coin (BNB-USD) +1.3%, Solana (SOL-USD) +1.3%, Stellar (XLM-USD) +1.6%, Celestia (TIA-USD) +4.7%, Uniswap (UNI-USD) +5.5%, Avalanche (AVAX-USD) +2.4%, and Dogecoin USD (DOGE-USD) +2.8%.

The rally marks a nearly 26% gain for bitcoin (BTC-USD) so far this year, as investors respond to renewed optimism around regulatory clarity and digital asset adoption.

In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto advocates to key positions, including SEC Chair Paul Atkins and White House AI czar David Sacks.

Trump’s family businesses have also shown growing interest in the space. An SEC filing on Tuesday revealed that Trump Media & Technology Group (DJT) is planning to launch an exchange-traded fund that would invest in multiple crypto tokens, including Bitcoin. The combined policy support and commercial engagement have further fueled investor confidence, pushing Bitcoin to historic highs.

Crypto stocks in green premarket: MicroStrategy (MSTR) +1.4%, CleanSpark (CLSK) +2.6%, Hut 8 (HUT) +3.5%, Coinbase Global (COIN) +1.9%, Riot Platforms (RIOT) +2.3%, MARA Holdings (MARA) +2.6%, Bit Digital (BTBT) +6%, Greenidge Generation (GREE) +4.8%, Bitfams (BITF) +4.6%.