#BTC Hits New High# Bitcoin has indeed hit a new high, reaching an impressive $118,423 on July 11, 2025. This milestone marks a significant surge in the cryptocurrency's price trajectory. Here are some key details¹:


- *Current Price*: $117,329.83
- *High Price*: $118,200.00
- *Market Cap*: $2.34 trillion
- *Percent Change*: -0.06% (slight decrease from the previous close)

The recent surge can be attributed to various factors, including² ³ ⁴:
- *Growing Institutional Interest*: Companies are increasingly seeking protection from currency debasement and inflation hedges.
- *Resurgence in Retail Demand*: Retail investors are driving demand, contributing to the price surge.
- *Supportive Political Signals*: Favorable regulatory environments and political support are boosting investor confidence.
- *Record-Breaking ETF Inflows*: $1.18 billion flowed into Bitcoin ETFs in a single day, fueling the rally.

Analysts predict Bitcoin could reach $120,000 to $140,000 in the near future, with some forecasts suggesting potential targets of $125,000 to $131,000-$134,000.⁵
BTC-0.82%
RLY-3%
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