Bitcoin Breaks Fresh Record Topping $113,000.

July 10, 2025 

Bitcoin surged past $113,000 for the first time in history on Wednesday, extending its remarkable 2025 rally and cementing its position as one of the top-performing assets in global markets this year.

The move came amid a combination of institutional inflows, global macro uncertainty, and intensifying retail interest. According to data from CoinMetrics, BTC rose nearly 5% in the past 24 hours, hitting an intraday high of $113,420 before settling slightly below that level by mid-morning U.S. trading.

Institutional Demand Keeps Growing

Much of Bitcoin’s upward momentum in recent weeks has been fueled by continued institutional accumulation, particularly via spot Bitcoin ETFs and corporate treasury allocations. BlackRock’s iShares Bitcoin Trust (IBIT) reported record daily inflows this week, and several regional banks have also disclosed exposure through custodial partners.

“We’re seeing a structural shift in how institutions view Bitcoin,” said Sara Chambers, digital asset strategist at Galaxy Digital. “What used to be a speculative play is now being treated like digital gold — a hedge against inflation, currency debasement, and geopolitical volatility.”

Macro Backdrop Favors Hard Assets

The breakout also comes at a time when macroeconomic conditions are bolstering the appeal of scarce, decentralized assets. With the U.S. Federal Reserve holding interest rates steady and signaling potential rate cuts later in the year, real yields are softening — making non-yielding assets like Bitcoin relatively more attractive.

Additionally, renewed trade tensions — particularly former President Trump’s vow to impose additional tariffs on Chinese goods — have sent investors flocking to hard assets as a hedge against policy instability.

Retail and Global Momentum

Retail investors continue to flood back into the market, with Google Trends showing a spike in search interest for “buy Bitcoin” in the U.S., Europe, and Latin America. Meanwhile, Bitcoin adoption is growing in emerging markets grappling with inflation, such as Argentina, Turkey, and Nigeria.

“We’ve passed the phase of Bitcoin just being a trade,” said Emil Navarro, CEO of Latin-based crypto platform BitMóvil. “It’s now seen as a parallel financial system, and people want access.”

What’s Next?

Analysts are now watching closely for the next resistance levels. Some traders point to $120,000 as the next psychological milestone, while others warn that profit-taking or regulatory surprises could create near-term volatility.

Nevertheless, sentiment remains broadly bullish. The Crypto Fear & Greed Index is flashing “Extreme Greed,” and on-chain data shows a high percentage of BTC supply being held by long-term holders — a sign of conviction in further upside.

Bottom Line: Bitcoin’s push above $113K marks a major milestone in its 15-year history and reflects a growing consensus: the world’s largest digital asset is here to stay — and increasingly central to the future of global finance.