Bitcoin Reaches All-Time High in Week of Donald Trump's New ETF
After Trump Media moved forward with launching the Truth Social Bitcoin ETF, which is subject to regulatory approval, the cryptocurrency hit $120,000 on Wednesday.
Donald Trump at the Bitcoin 2024 conference, Nashville, Tennessee, July 27, 2024
Bitcoin rebounded to $122,000 on Wednesday, bringing it back closer to the $122,300 it reached early Monday morning (Lisbon time). The week was marked by the launch of a Bitcoin ETF by Trump Media.
The most famous cryptocurrency on the market ended up retreating and appreciated x% on Wednesday, having settled at x dollars at the closing time of Wall Street.
Bitcoin's market value is around $2.4 trillion, keeping it by a wide margin as the world's leading cryptocurrency. Since the beginning of 2025, it has seen a 28.8% increase.
In the crypto markets, Trump Media and Technology Group Corp. stood out this week with the launch of a Bitcoin ETF. The ETF is expected to fluctuate depending on the cryptocurrency's performance, and the launch is subject to approval by the US regulator.
On Monday, the company announced that it had filed with the SEC (United States Securities and Exchange Commission) what is the first step towards the Truth Social Bitcoin ETF, as it will be named, being able to launch trading.
The Crypto.com platform will be responsible for the exclusive custody of this ETF, acting as the execution agent and responsible for its liquidity.
jornaleconomico
