Bitcoin Soars to New Record High Above $113,000 as Investors Embrace Risk Assets

Bitcoin, the world’s leading cryptocurrency, reached an all-time high above $113,000 on Thursday, July 10, 2025, driven by strong investor demand and favorable market conditions. This milestone comes as part of a broader rally in cryptocurrencies and crypto-related stocks, fueled by optimism surrounding pro-crypto policies and institutional investments.

Bitcoin Breaks $113,000 Barrier

On Thursday, Bitcoin’s price surged by about 2%, reaching $113,459.16, with a peak at $113,863.18. This marks a new record, building on the previous high set just a day earlier. The rally was sparked by investors moving into risk assets, which are investments like stocks and cryptocurrencies that carry higher potential rewards but also higher risks. According to CoinGlass, about $318 million in short liquidations occurred across centralized exchanges in a 24-hour period. Short liquidations happen when traders betting against Bitcoin’s price are forced to buy it back as the price rises, pushing the price even higher.

Altcoins Join the Crypto Rally

Other cryptocurrencies, known as altcoins, also saw significant gains. Ether (Ethereum) and Solana each rose by more than 2%, while Dogecoin and Cardano’s token jumped over 5%. XRP and Litecoin also increased by 3%. This broad rally shows renewed investor confidence in the crypto market, which had been quiet for weeks as Bitcoin traded steadily above $100,000 for over 60 days, supported by billions of dollars flowing into Bitcoin exchange-traded funds (ETFs).

Crypto Stocks Surge Alongside Bitcoin

The excitement isn’t limited to cryptocurrencies. Crypto-related stocks also saw gains. Bitcoin mining companies like Mara Holdings and Riot Platforms each rose by more than 2%, while trading platforms Coinbase and Robinhood gained 4% each. These increases reflect growing interest in the crypto industry, driven by institutional investors and public companies buying Bitcoin for their corporate treasuries.

Trump’s Crypto-Friendly Policies Boost Optimism

A key driver of this rally is the crypto-friendly stance of U.S. President Donald Trump’s administration. In March 2025, Trump signed an executive order to create a strategic cryptocurrency reserve, including Bitcoin, Ether, XRP, Solana, and Cardano. This move signaled strong government support for digital assets, boosting investor confidence. Trump’s appointment of pro-crypto figures like Paul Atkins as Securities and Exchange Commission Chair and David Sacks as White House AI and crypto czar has further fueled optimism. Additionally, Trump Media & Technology Group, linked to Trump’s family, filed to launch a crypto ETF, showing the administration’s active involvement in the crypto space.

Institutional Investors Drive Bitcoin’s Growth

Institutional investors, such as large financial firms and corporations, are playing a big role in Bitcoin’s price surge. Joshua Chu, co-chair of the Hong Kong Web3 Association, noted that major players are “scooping up supply and drying up liquidity on exchanges,” meaning there’s less Bitcoin available for trading, which pushes prices higher. Bitcoin and Ether ETFs saw their second-largest day of inflows ever, with nearly $16 billion invested since April. This institutional demand, combined with progress on stablecoin legislation in Congress, has investors expecting Bitcoin to reach new heights in the second half of 2025.

Bitcoin Price Levels to Watch

Bitcoin’s price broke above a descending channel on Wednesday, signaling a bullish trend. Technical analysis suggests Bitcoin could climb to $146,400, a 32% increase from current levels, based on the measuring principle. However, if the price pulls back, key support levels to watch are $107,000, near the 50-day moving average, and $100,000, a significant psychological level. These levels could offer buying opportunities for investors during any short-term dips.

Why Is Bitcoin Surging Now?

Bitcoin’s rally began on Wednesday when investors shifted to a “risk-on” mindset, boosting tech stocks and cryptocurrencies. The tech-heavy Nasdaq Composite hit a record close, signaling strong market confidence. Additionally, progress on stablecoin legislation and Trump’s pro-crypto policies have created a positive outlook for the crypto industry. Despite trading in a tight range for weeks, Bitcoin’s ability to stay above $100,000 shows strong underlying demand, especially from institutional investors and corporate treasuries.

What’s Next for Bitcoin and Crypto?

With Bitcoin hitting $116,781.10 on Friday and holding above $116,563.11, the crypto market is showing strong momentum. However, some analysts warn of potential volatility. While the regulatory environment looks promising, with bills like the Genius Act and Clarity Act moving through Congress, investors should be cautious of short-term pullbacks. The growing involvement of institutional investors and the integration of crypto into traditional finance suggest that Bitcoin and other cryptocurrencies could see further gains in 2025.