Bitcoin Smashes $112K as Institutions Pile In and US Debt Worries Grow

Bitcoin blew past $112,000 on Thursday, chalking up another all-time high and putting a 19 percent gain on the board for 2025. Unlike the manic surges of yesteryear, this climb has been methodical—powered by spot-ETF inflows, Fortune-500 treasuries stocking up on digital gold, and a steady drumbeat of pro-crypto signals from Washington. Moody’s debt downgrade and lingering trade-war whiplash have investors hunting for havens; suddenly BTC looks less like a casino chip and more like a lifeboat.

The backstory: US–China tariff détente cooled equity bulls, yet rising Treasury yields still kneecapped tech stocks while bitcoin marched higher. ETF issuers report just two days of outflows all month, and public companies now hold roughly 15 percent of the circulating supply—a 31 percent jump since January. Coinbase’s entry into the S&P 500 and JPMorgan’s decision to open the bitcoin on-ramp for wealth clients add blue-chip gloss to an asset once dismissed as “rat poison squared.”

Tailwinds don’t end there. The Senate’s bipartisan push to regulate stablecoins has traders betting broader rules will legitimize the entire sector, and Trump’s crypto czar David Sacks keeps promising a regulatory package on the president’s desk before August recess. For now, bitcoin’s notorious volatility has been muted—daily swings look tame compared to meme stocks and small-cap tech. Whether this is the calm before another storm or the dawn of a more mature market, one fact stands out: $100 K is no longer a ceiling; it’s the new floor.