What to know:
- Bitcoin, that enigmatic and often capricious force, soared to a new record high above $113,000 on Thursday, as recorded by CoinDesk data. 📈
- The ascent, a testament to human ambition and the peculiarities of market sentiment, was fueled by robust ETF inflows, the ever-growing embrace of corporate entities, and a regulatory environment that, for once, seemed to favor the crypto realm. Some even whisper that BTC might reach the dizzying heights of $140,000 this year, according to Hashdex analyst. 🌠
- The broader crypto market, ever the faithful companion, also basked in the glow of success, with Ethereum‘s ETH climbing 5% above $2,800 and the CoinDesk 20 Index advancing 3.4%. 🎉
Bitcoin, the grand old man of cryptocurrencies, clinched a fresh record high above $113,000 on Thursday, as if to say, “I am not just a fleeting fancy, but a force to be reckoned with.” It was a moment of triumph, a break from the monotonous range it had been trading in for months. 🌟
The largest and oldest cryptocurrency hit $113,313 during the U.S. session, CoinDesk price data shows. It was up 3.7% over the past 24 hours, a testament to its resilience and the unwavering faith of its followers. 📊
The new record came less than a day after it briefly topped $112,000 on some exchanges, only to retreat below $111,000 in the later hours, a reminder that even the mightiest can falter. 🌪️
Bitcoin’s rally to new highs was buoyed by strong inflows into ETFs, the relentless adoption by crypto treasury companies, and an increasingly favorable regulatory climate. Gerry O’Shea, head of global market insights at Hashdex, noted in a note, “While the macro environment will continue to remain uncertain, we believe the bull market is far from over and new catalysts, including more institutional platforms allowing access to bitcoin, may help drive the price of BTC to $140,000 or higher this year.” 🚀
The broader crypto market was also climbing higher on Thursday. Ethereum’s ether topped $2,800 and was up more than 5%, while XRP gained 3.5%. The broad-market CoinDesk 20 Index advanced 3.4% to its strongest level since May. 📈
UPDATE (July 10, 17:15 UTC): Updates prices.
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2025-07-10 21:04