{"id":25253,"date":"2025-07-11T09:10:57","date_gmt":"2025-07-11T06:10:57","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-breaks-above-118000\/"},"modified":"2025-07-11T09:10:57","modified_gmt":"2025-07-11T06:10:57","slug":"bitcoin-breaks-above-118000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-breaks-above-118000\/","title":{"rendered":"Bitcoin breaks above $118,000"},"content":{"rendered":"<p>The first cryptocurrency set a fresh all-time high, briefly reaching $118,869 in the BTC\/USDT pair on the largest crypto exchange, Binance.<\/p>\n<p><!--more--><\/p>\n<p>The hourly chart shows an almost vertical climb, accompanied by surges in trading volumes.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734-1024x574.png\" alt=\"BTCUSDT_2025-07-11_09-02-59_f2734\" class=\"wp-image-261770\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734-1024x574.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734-768x431.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734-1536x862.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-07-11_09-02-59_f2734.png 1815w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Binance BTC\/USDT hourly chart. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.\u00a0<br \/><\/figcaption><\/figure>\n<p>Over the past 24 hours the leading cryptoasset rose 6.43%, and is up 26.58% year to date, according to <a href=\"https:\/\/coinmarketcap.com\/\" title=\"CoinMarketCap\">CoinMarketCap<\/a>.<\/p>\n<p>As the screenshot below shows, other top assets also rose over 24 hours, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>Ethereum \u2014 +8.31% (the price moved above $3,000 for the first time since February);<\/li>\n<li>XRP \u2014 7.32%;<\/li>\n<li>Solana \u2014 5.43%;<\/li>\n<li>Dogecoin \u2014 10.46%;<\/li>\n<li>Cardano \u2014 12.52%.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"636\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CMC-2-1024x636.png\" alt=\"CMC-2\" class=\"wp-image-261777\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CMC-2-1024x636.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CMC-2-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CMC-2-768x477.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CMC-2.png 1346w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top-10 cryptoassets by market value. Source: <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The market value of digital gold reached $2.39 billion, while the overall market stood at $3.75 trillion (+2.4% over the day), according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/p>\n<p>Compared with traditional companies and precious metals, bitcoin\u2019s market value stacks up as follows:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/top_assets-1024x578.png\" alt=\"top_assets\" class=\"wp-image-261805\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/top_assets-1024x578.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/top_assets-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/top_assets-768x434.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/top_assets-1536x868.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/top_assets.png 1542w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin\u2019s market cap versus public companies and precious metals. Source: <a href=\"https:\/\/companiesmarketcap.com\/assets-by-market-cap\/\" title=\"CompaniesMarketCap\">CompaniesMarketCap<\/a>. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">FOMO<\/h2>\n<p>A popular gauge continues to point to \u201cgreed\u201d among most market participants:<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/fear_greed-1.webp\" alt=\"fear_greed-1\" class=\"wp-image-261787\"\/><figcaption class=\"wp-element-caption\">Crypto Fear and Greed Index. Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a>.\u00a0<\/figcaption><\/figure>\n<p>In the past 24 hours, short positions worth $1.12 billion were liquidated.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"345\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3-1024x345.png\" alt=\"Liq-3\" class=\"wp-image-261789\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3-1024x345.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3-300x101.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3-768x259.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3-1536x517.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Liq-3.png 1726w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>\u201cWe are confident that bitcoin\u2019s new all-time high is a powerful signal that the industry is on the verge of a new large-scale rally,\u201d \u2014 <a href=\"https:\/\/www.theblock.co\/post\/362134\/bitcoin-sets-new-record-above-117000\">said<\/a> BTSE\u2019s chief operating officer, Jeff Mei.<\/p>\n<h2 class=\"wp-block-heading\">Whale appetites<\/h2>\n<p>CryptoQuant analyst known as Crypto Dan suggested that the latest leg higher stems not from \u201cAmerican whales\u201d on Coinbase but from large players on Binance.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"cryptoquant_official\/3092\" data-width=\"100%\"><\/script><\/p>\n<p>Kronos Research\u2019s investment director, Vincent Liu, said that an improving macro backdrop and rising institutional interest \u201chave renewed interest in bitcoin.\u201d This, he said, reflects a growing perception of the first cryptocurrency as a \u201cregulated long-term asset,\u201d comparable to gold.<\/p>\n<p>Liu is confident institutional demand could persist, provided the July 15 inflation release does not trigger profit-taking or sour sentiment.<\/p>\n<p>Over the past day, spot bitcoin ETFs took in $1.18 billion.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"403\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4-1024x403.png\" alt=\"SoSo-4\" class=\"wp-image-261813\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4-1024x403.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4-300x118.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4-768x302.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4-1536x604.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/SoSo-4.png 1723w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Spot bitcoin ETF statistics. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Total AUM of the exchange-traded funds exceeded $143 billion, while cumulative net inflows <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-etf-inflows-surpass-50-billion\">surpassed the $50 billion mark<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThe recent surge in spot bitcoin ETF inflows is clearly tied to revived expectations of U.S. rate cuts and growing institutional risk appetite,\u201d noted Presto Research analyst Min Jung.<\/cite><\/p><\/blockquote>\n<p>According to her, more companies are adopting the strategy previously chosen by Michael Saylor\u2019s Strategy. Growing interest from new investor cohorts and easier market access following the <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">launch of ETFs<\/a> are supporting bitcoin\u2019s move to fresh highs.<\/p>\n<p>Market participants are closely watching recent regulatory changes, noted LVRG Research director Nick Ruck. According to him, passage of the <a href=\"https:\/\/u1f987.com\/en\/news\/implications-of-the-us-stablecoin-legislation-expert-opinions\">GENIUS Act<\/a> and the removal of a key tax requirement for crypto brokers have boosted institutional interest in bitcoin and other popular coins. The gradual lifting of barriers and legal constraints is easing the integration of cryptoassets into traditional finance.<\/p>\n<p>Earlier, Standard Chartered analysts <a href=\"https:\/\/u1f987.com\/en\/news\/standard-chartered-bitcoin-halving-no-longer-influences-price\">argued<\/a> that the halving would no longer affect bitcoin\u2019s price. They also forecast the first cryptocurrency to reach $200,000 by the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first cryptocurrency set a fresh all-time high, briefly reaching $118,869 in the BTC\/USDT pair on the largest crypto exchange, Binance.<\/p>\n","protected":false},"author":1,"featured_media":25252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-25253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25253"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25252"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}