Overview

• Bitcoin is trading near a fresh record of around US$118,000 with a total market capitalization of about US$2.3 trillion, marking a 25% gain year to date.
• US$1.18 billion flowed into Bitcoin spot ETFs on July 11, the largest single-day inflow on record.
• Corporate treasuries including MicroStrategy, Tesla and GameStop added US$17.6 billion in Bitcoin during Q2, boosting total institutional holdings to 847,000 BTC.
• US 'Crypto Week' beginning July 14 will feature debates on the Clarity Act, an Anti-CBDC Surveillance law and the Senate’s Genius Act to establish clearer rules for digital assets.
• Analysts caution that overbought conditions could lead to near-term volatility even as some forecast a rise to US$130,000–133,000 by September if institutional momentum and policy clarity persist.