Bitcoin shattered its previous all-time high, surging to $112,152 on July 9, 2025, driven by a potent mix of institutional demand and heightened risk appetite in global markets.

The cryptocurrency, trading at $111,399.61 as of July 7, eclipsed its May 22 peak of $111,970, marking a 15%–19% year-to-date gain, outpacing the S&P 500’s 7% rise. This milestone, reported across sources like Coinbase and Blockchain Magazine, underscores Bitcoin’s transformation from a speculative asset to a mainstay in institutional portfolios.

The rally is propelled by massive inflows into spot Bitcoin ETFs, with $14.4 billion in net inflows recorded in 2025, including $370.2 million daily into BlackRock’s iShares ETF. Over 30% of Bitcoin’s circulating supply is now held by exchanges, ETFs, public companies, and sovereign entities, per Gemini’s U.S. Strategic Bitcoin Reserve report. Corporate adoption is surging, with over 135 firms, including MicroStrategy and newer players like Metaplanet, bolstering their treasuries with Bitcoin as a hedge against inflation and fiat devaluation.

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Posts on X highlight $4.57 billion in recent ETF inflows and MicroStrategy’s ongoing acquisitions as key drivers.

Favorable macroeconomic signals, including Federal Reserve rate cut expectations and a weakening dollar, further amplify Bitcoin’s appeal as “digital gold.” Despite geopolitical tensions, such as Iran-Israel conflicts causing a June dip to $98,000, Bitcoin’s resilience is evident, supported by a 272% demand-supply gap in December 2024.

Analysts project $115,000–$120,000 by late July, with year-end targets ranging from $140,000 to $250,000, per Standard Chartered and Fundstrat. However, risks like regulatory crackdowns and potential corrections to $95,000–$100,000 loom, with volatility expected given Bitcoin’s historical 30–40% mid-cycle drawdowns.

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