Bitcoin Blasts Past $113K, Sets New All-Time High on July 10 2025
Bitcoin rocketed to a historic peak just shy of $114,000 on Thursday, eclipsing the $112K mark it set only a day earlier and capping a 70 percent rebound since April’s tariff-driven market dip. The fresh record cements a year-to-date gain north of 20 percent for the world’s largest cryptocurrency, whose five-year rise now tops 1,500 percent.
Analysts attribute the rally to a potent mix of factors: spot-ETF inflows from pensions and sovereign funds, a post-halving supply squeeze that has drained exchange reserves to multi-year lows, and a burst of “Trump-trade” optimism after the White House signaled friendlier crypto rules. Long-term holders have tightened their grip, with on-chain data showing more coins moving into cold storage than at any point since 2021.
Momentum spilled into the broader market, lifting Ethereum above $7,000 and pushing total crypto capitalization past $4 trillion. Bulls argue the breakout could invite another wave of institutional allocation as bitcoin’s volatility falls and its correlation with gold tightens; skeptics warn that a crowded long trade and macro jitters could still spark sharp pullbacks.
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