Bitcoin has reached a historic milestone, surging past $118,000 per unit for the first time in the early hours of the morning, following a robust 6% rally. According to CoinMarketCap, the world’s most valuable cryptocurrency now boasts a market capitalization of $2.3 trillion and has climbed 25% since the start of the year.
This latest surge is being driven by a renewed appetite for risk among investors. “As liquidity returns to the market and money supply increases in both Europe and the U.S., investors are seeking assets with real potential, and Bitcoin is increasingly seen as one of them,” explains Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda. He also points to strong inflows into Bitcoin ETFs and “ongoing institutional adoption” as key factors fueling the rally.
The timing of Bitcoin’s record comes as the crypto sector enters what many are calling “crypto week”, a pivotal period for regulatory developments in the United States.
Lawmakers are set to debate the Clarity Act, which aims to establish a clear legal framework for cryptocurrencies and digital assets; the State Anti-CBDC Surveillance Act, designed to prevent the central bank from issuing its own digital currency; and the Senate’s Genius Act, which would regulate stablecoins.
Close-up of golden Bitcoins on a dark reflective surface and the histogram of decreasing crypto in the background. Image: Freepik.
According to Juan José del Valle of Activotrade, this legal support could attract even more investment: “The goal is to create a comprehensive market structure that will classify and differentiate which digital assets are securities or commodities. It’s being presented as an unprecedented effort to cement the U.S. as a global leader in digital asset innovation.”
The only crypto winning at the moment
While Bitcoin’s record-breaking run has lifted the broader crypto market, it remains the only major cryptocurrency at all-time highs. Ether, the second-largest cryptocurrency, is still trading 40% below its peak. Ripple is down 30% from its record, and memecoins like Dogecoin are lagging even further behind, at 70% below their all-time highs.
As the market awaits the outcome of “crypto week,” all eyes are on whether this new wave of regulatory clarity and institutional interest will propel Bitcoin—and perhaps the broader crypto sector—to even greater heights.
Sources:
- Europa Press – https://www.europapress.es/economia/finanzas-00340/noticia-bitcoin-impulsa-firma-nuevo-maximo-historico-119000-dolares-20250711131407.html
- La Vanguardia – https://www.msn.com/es-es/dinero/economia/el-bitcoin-marca-nuevos-m%C3%A1ximos-hist%C3%B3ricos-y-ronda-los-120000-d%C3%B3lares/ar-AA1Ip6dY
