A soft U.S. dollar and the digital currency friendliness of President Trump has helped to push the price of bitcoin to unprecedented levels.

Bitcoin hit a new all-time high (ATH) of $113,014.31 on July 10. It's the first time that the cryptocurrency's price has surpassed the $113,000 mark in its short history of 16 years. This is a developing story.

After spending much of the past few months over $100,000, a recent rally sent the top cryptocurrency to new heights.