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.

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

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