Bitcoin Skyrockets to Unprecedented Heights Surpassing $118,000 Amidst Institutional Adoption
Bitcoin catapulted to a record-breaking high, crossing the $118,000 mark on Friday. This surge was fueled by an unprecedented influx of institutional investments into Bitcoin ETFs.
The cryptocurrency marked its most significant daily gain in recent months, with ETFs witnessing their largest inflows of 2025, a staggering $1.18 billion on Thursday alone. This rally is a precursor to the much-anticipated ‘Crypto Week’ commencing on July 14 in Congress.
During this pivotal week, lawmakers will deliberate on key regulatory frameworks, including the GENIUS Act for stablecoins. Bitcoin’s remarkable surge is a testament to the increasing institutional adoption and the crypto-friendly policies introduced by the Trump administration. This includes the establishment of a strategic bitcoin reserve.
The milestone signifies a 21% gain year-to-date and an impressive doubling of its price from the previous year.