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Bitcoin Sets New Record, Climbing Above $112,000

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by Giorgi Kostiuk

12 hours ago


Bitcoin, the world's largest cryptocurrency, has set a new historic record by surpassing $112,000, underlining its maturity and resilience in the global financial system.

Bitcoin's Historic Milestone

According to the latest market data, Bitcoin (BTC) surged to an all-time high of $112,055 on July 9, surpassing its previous peak of $111,970.17 set in late May. This move signals renewed bullish momentum as the market recovers from lingering concerns over US President Donald Trump’s tariff measures.

Growth Factors and Support

Today, Bitcoin holds a market capitalization of approximately $2.18 trillion, representing around 65% of the entire $3.4 trillion crypto market. President Trump’s pro-Bitcoin stance has added confidence to the market as, following his re-election victory, Bitcoin surged past $76,999 in November 2024 and later crossed the $100,000 milestone in December. Trump’s administration is now working on a strategic US Bitcoin reserve, further cementing BTC’s status in financial mainstream.

Market and Crypto Stocks

Institutional adoption remains a key factor in Bitcoin's current rally. Wall Street giant BlackRock now holds 3.5% of all circulating Bitcoin through its iShares Bitcoin Trust, demonstrating major investors' interest in the asset. The success of Bitcoin ETFs has contributed to increasing confidence and steady capital inflows. Optimism has also affected crypto-related stocks: MicroStrategy (MSTR) shares climbed 4.4% to $414, nearing their yearly peak, while Coinbase (COIN) rose 5%. Bitcoin mining companies MARA Holdings (MARA) and Riot Platforms (RIOT) also experienced gains of about 6%.

Bitcoin continues to set new records, and market observers are watching to see if it can sustain this achievement and leverage its current strength into an even larger surge as it explores new resistance levels.

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