Overview
- The cryptocurrency reached $118,755 on July 11, surpassing Thursday’s peak of $113,822 and marking its third all-time high in a four-day span.
- Inflows into U.S. spot Bitcoin ETFs have accelerated, with net investments topping $50 billion this year and making ETFs a key driver of price momentum.
- BlackRock’s iShares Bitcoin Trust holds more than 3.5% of Bitcoin’s circulating supply, underscoring deep institutional concentration in a single fund.
- Major corporations have boosted their Bitcoin reserves this quarter, reflecting a broader trend of digital assets being adopted as corporate treasury instruments.
- President Trump’s March executive order to create a strategic cryptocurrency reserve and the appointment of crypto-friendly regulators have clarified U.S. policy and galvanized investor confidence.