Bitcoin Hits Another Record High, Tops $113,800 on Institutional Inflows

July 10, 2025 8:46 pm

Bitcoin powered to yet another record on Thursday,
rising above $113,800 in a sharp rally fueled by institutional inflows, a
friendlier regulatory tone from Washington, and renewed appetite for risk
across markets.

The price gains followed a week of building momentum,
with traders increasingly optimistic that digital assets could benefit from
changing political winds.

The flagship cryptocurrency hit a new high of
$113,820.92, continuing its upward trend from Wednesday’s record close. Over
the past 24 hours alone, Bitcoin gained more than 4%, with the market capitalization currently at more than $2.26 trillion, according to CoinMarketCap.

Source: CoinMarketCap

Institutional Buying and ETF Hopes

Much of Bitcoin’s rise this year — nearly 22% to date
— has been attributed to large institutional flows into crypto investment
products. Bitcoin exchange-traded funds (ETFs), introduced earlier this year,
have helped anchor the price above the $100,000 mark for more than 60
consecutive days.

But the second quarter brought another twist: public
companies began buying Bitcoin at a faster pace than even the ETFs, Business Insider reported. Investors are also responding to signals from former
President Donald Trump, who recently signed an executive order to establish a
strategic reserve of cryptocurrencies.

Trump Signals Regulatory Support for Digital Assets

Trump has added several crypto-friendly names to his
administration, including former SEC Commissioner Paul Atkins and AI policy
head David Sacks.

In a parallel development, Trump Media &
Technology Group has filed with the SEC to launch a crypto ETF that would
invest in a basket of digital tokens, including Bitcoin.

More about Bitcoin: Why Is Crypto Going Up Today? Bitcoin Hits ATH, XRP at 2-Month High, Ethereum and Dogecoin Follow

The crypto rally isn’t limited to Bitcoin. Altcoins
surged for a second consecutive day, reigniting hopes for broader market gains.
Ether and Solana rose more than 2%, while Dogecoin and Cardano’s tokens gained
over 5%. XRP and Litecoin also edged higher by around 3%.

This rebound followed weeks of stagnant performance
for most alternative tokens, despite the broader rise in Bitcoin prices.
Analysts suggest that if Bitcoin sustains its momentum, capital may continue
rotating into altcoins in the weeks ahead.

Policy, Earnings, and ‘Crypto Week’

Investors are eyeing the upcoming “crypto week”
starting July 14, when lawmakers will consider several key bills on digital
asset regulation. That policy visibility, combined with a tech-led rally on
Wall Street, has helped shift sentiment decisively in crypto’s favor.

Despite the turbulence earlier in the year —
particularly during spring tariff tensions — Bitcoin has trended higher since
Trump’s election victory last November. His promise to loosen regulations and
his administration’s pro-crypto tone have reenergized the digital asset space.

Bitcoin powered to yet another record on Thursday,
rising above $113,800 in a sharp rally fueled by institutional inflows, a
friendlier regulatory tone from Washington, and renewed appetite for risk
across markets.

The price gains followed a week of building momentum,
with traders increasingly optimistic that digital assets could benefit from
changing political winds.

The flagship cryptocurrency hit a new high of
$113,820.92, continuing its upward trend from Wednesday’s record close. Over
the past 24 hours alone, Bitcoin gained more than 4%, with the market capitalization currently at more than $2.26 trillion, according to CoinMarketCap.

Source: CoinMarketCap

Institutional Buying and ETF Hopes

Much of Bitcoin’s rise this year — nearly 22% to date
— has been attributed to large institutional flows into crypto investment
products. Bitcoin exchange-traded funds (ETFs), introduced earlier this year,
have helped anchor the price above the $100,000 mark for more than 60
consecutive days.

But the second quarter brought another twist: public
companies began buying Bitcoin at a faster pace than even the ETFs, Business Insider reported. Investors are also responding to signals from former
President Donald Trump, who recently signed an executive order to establish a
strategic reserve of cryptocurrencies.

Trump Signals Regulatory Support for Digital Assets

Trump has added several crypto-friendly names to his
administration, including former SEC Commissioner Paul Atkins and AI policy
head David Sacks.

In a parallel development, Trump Media &
Technology Group has filed with the SEC to launch a crypto ETF that would
invest in a basket of digital tokens, including Bitcoin.

More about Bitcoin: Why Is Crypto Going Up Today? Bitcoin Hits ATH, XRP at 2-Month High, Ethereum and Dogecoin Follow

The crypto rally isn’t limited to Bitcoin. Altcoins
surged for a second consecutive day, reigniting hopes for broader market gains.
Ether and Solana rose more than 2%, while Dogecoin and Cardano’s tokens gained
over 5%. XRP and Litecoin also edged higher by around 3%.

This rebound followed weeks of stagnant performance
for most alternative tokens, despite the broader rise in Bitcoin prices.
Analysts suggest that if Bitcoin sustains its momentum, capital may continue
rotating into altcoins in the weeks ahead.

Policy, Earnings, and ‘Crypto Week’

Investors are eyeing the upcoming “crypto week”
starting July 14, when lawmakers will consider several key bills on digital
asset regulation. That policy visibility, combined with a tech-led rally on
Wall Street, has helped shift sentiment decisively in crypto’s favor.

Despite the turbulence earlier in the year —
particularly during spring tariff tensions — Bitcoin has trended higher since
Trump’s election victory last November. His promise to loosen regulations and
his administration’s pro-crypto tone have reenergized the digital asset space.

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