Bitcoin hits record high of $116,046; surges 24% this year; Ethereum rose 3%

Bitcoin surged to a new peak of $116,046.44 on Thursday, fueled by strong institutional demand and supportive crypto policies under the Trump administration. This rally marks a 24% increase for the cryptocurrency in 2025. Ethereum and altcoins like Solana, Dogecoin, and Cardano also experienced gains.