US Edition
Bitcoin Tops $118,000 for the First Time, as the Cryptocurrency Continues to Climb to New Heights
UNITED STATES, JUL 11 – Bitcoin's price surge above $118,000 is driven by $5.2 billion ETF inflows in 30 days and strong institutional demand amid favorable regulatory and macroeconomic conditions.
- On July 11, Bitcoin and Ether ETFs experienced their second-largest daily inflows, pushing Bitcoin to a new all-time high of $118,856 and Ether rising nearly 5%.
- Rising institutional demand, Trump's 2025 executive order establishing a Bitcoin reserve, and analysts' hopes of deregulation and Fed rate cuts drove the rally.
- Bitcoin ranged from $116,500 to $118,510 in 24 hours, with over $1 billion liquidated, reflecting strong institutional inflows, according to Wu and Perfumo.
- The surge pushed the global crypto market cap to $2.34 trillion, with public firms adding a record 159,107 BTC ahead of Congress's Crypto Week start.
- As the US House plans to pass key crypto legislation this week, Bitwise's CIO predicts Bitcoin could reach $200,000 by 2025 end.
109 Articles
109 Articles
Bitcoin reaches new all-time high, fuels crypto bull run
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Weekly Recap: Bitcoin Hits ATH as Dozens of Treasuries Bloom
This week, bitcoin hit a new all-time-high (above $118K) on the back of strong ETF flows and at least $280 million in new bitcoin treasury investments.Treasury projects are also cropping up for Ethereum and Solana. Notably, Joseph Lubin’s SharpLink ETH treasury bought 10,000 ETH for that project, and Bitmine announced plans to raise $2 billion for more ETH buying. Off that strong signal, large-cap “alts” like ETH and SOL saw near year-to-date hi…
Bitcoin has reached a historic peak, surpassing US$118 000, thanks to a massive influx of capital to Bitcoin cash ETFs, which have opened access to cryptocurrency investment to millions of people.
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