New ATH for Bitcoin!

Bitcoin Hits New All-Time High, Surging Past $118,000

Thursday, July 11, 2025 — Bitcoin has once again rewritten the record books, surging to a new all-time high above $118,000 hitting almost $199k in overnight trading(Go Figure, Go Short Flushing!). After briefly touching this peak, the flagship cryptocurrency is currently holding steady around $118k, solidifying its dominance in an already bullish crypto market.

Why Bitcoin Is Climbing

Multiple factors are driving the latest breakout:

• Investor Hopes for Fed Rate Cuts: With mounting expectations that the Federal Reserve may lower interest rates this fall, investors are turning to alternative assets like Bitcoin to hedge against a potentially weaker dollar.
• Bitcoin ETF Inflows: Spot Bitcoin exchange-traded funds (ETFs) continue to see strong capital inflows, drawing more institutional investors and boosting overall liquidity.
• Pro-Crypto Political Momentum: Recent proposals from the Trump-aligned political camp suggest creating a strategic Bitcoin reserve and softening regulatory barriers. This wave of crypto-friendly sentiment has added fuel to Bitcoin’s rise.

Institutions Are All-In

Financial analysts report a significant uptick in Bitcoin accumulation by public corporations, hedge funds, and even sovereign entities. These large buyers are being drawn in by the relative clarity in regulation, the rising popularity of Bitcoin ETFs, and the asset’s long-term value potential.

Blockchain activity also supports the trend — metrics show more wallets holding BTC for the long term, a sign of growing confidence in Bitcoin as a digital store of value rather than just a speculative asset.

What’s Next for Bitcoin?

Experts believe there’s more room to run:

• Analysts at Pepperstone and Bitget are forecasting a move toward $120,000 or higher by the end of July if current trends continue.
• A bold projection from Global X suggests Bitcoin could climb up to $200,000 within a year, citing similarities with gold’s performance and the increasing role of crypto in traditional finance.

Altcoins Ride the Wave

Bitcoin’s rally is lifting the broader crypto market as well. Major altcoins like Ethereum (ETH), Solana (SOL), and XRP are also seeing notable gains over the past 24 hours, with ETH up over 6% passing $3k early in trading and XRP up nearly 6%.

Bitcoin Rally- Final Thoughts

Bitcoin’s rise to a new all-time high is more than just a price milestone — it’s a reflection of changing investor sentiment, evolving political support, and the growing acceptance of crypto as a mainstream financial asset. While volatility is always a risk in this space, the current trajectory suggests that this rally might be just getting started.