Overview
- Bitcoin set a new all-time high above $118,000 on July 11, extending gains achieved earlier this week when it broke past $113,000 and $116,000.
- Spot bitcoin ETFs have seen record net inflows exceeding $50 billion this year, making them a key force behind the price surge.
- Corporate treasuries have accelerated bitcoin purchases as publicly traded companies integrate the token into their reserve strategies.
- President Trump’s March executive order to create a U.S. strategic cryptocurrency reserve has provided regulatory clarity that underpins institutional demand.
- Analysts have lifted year-end price forecasts toward $140,000 and major altcoins like ethereum, solana and dogecoin have rallied alongside bitcoin.