🚀 Bitcoin Smashes $113,652 ATH: The Hidden Forces Behind Crypto’s Relentless Rally

Bitcoin just bulldozed through another psychological barrier—crushing its all-time high at $113,652. No brakes, no apologies. Here's why the rocket fuel isn't running out.

The Institutional Afterburners Kick In

BlackRock's ETF inflows hit warp speed this week, while MicroStrategy's treasury team apparently thinks 'diversification' means buying more BTC dips. Wall Street's FOMO is now measurable in gigawatts.

Halving Math Meets Market Mania

Post-2024 halving supply crunch? Check. Retail traders leveraging long on meme coin profits? Double check. The only thing shrinking faster than circulating supply is skeptics' credibility.

Global Liquidity Tsunami

With three central banks cutting rates this morning (thanks for the liquidity, boomers), crypto's becoming the high-octane asset class for capital fleeing negative real yields. TradFi banks are still charging $25 wire fees though—some things never change.

This isn't a bull market. It's a financial singularity—and your fiat's event horizon just got closer.

• Bitcoin hits $113,652, up 3.72% in 24 hours, nearing the $120K target as institutional demand rises.
• Ethereum outperforms Bitcoin, rising by 5.54%, as the overall crypto market cap reaches $3.52 trillion.
• Increased Bitcoin trading volume and open interest indicate growing investor confidence in the market.

Bitcoin has reached a new high of $113,652 on July 10, 2025. Within 24 hours, the price of the cryptocurrency grew by 3.72%. This is the second successive positive day. This increase has brought the price of Bitcoin closer to a significant psychological barrier. Investors closely monitor the rally as it continues to move up.

The price increase has recently been due to expanding institutional interests. Bitcoin ETFs are experiencing increased demand. This institutional adoption is increasing the price. The U.S. environment is becoming crypto-friendly which is also driving up the rise. Moreover, the declining U.S. dollar has been enticing investors to seek safe-haven investments such as Bitcoin.

Crypto Market Boom

The crypto market is thriving as a result of a Bitcoin rally. The cumulative market capitalization of cryptocurrencies is $3.52 trillion. This is an increment of 3.64% only within a day. The large altcoins are doing well too. Ethereum (ETH) has risen by 5.54% more than Bitcoin within the same period. The good performance of altcoins is an indication of strength in the market.

As of press time, Bitcoin is trading at $113,576, marking a 3.72% increase over the past day. The trading volume for the same period stands at $68.96 billion, reflecting a 55.94% increase. Over the last week, the BTC price has increased by 3.82%.

Source: CoinMarketCap

Bitcoin Market Surge

According to CoinGlass, the market activity increased significantly. The open interest in BTC increased by 10.51%, totalling $83.54 billion. Trading volume has increased by 105.86% to $121.40 billion. These indicators demonstrate increased investor confidence and indicate that the bull market in BTC will persist. The current BTC OI-Weighted Funding Rate shows a positive sentiment at 0.0038%.

Source: CoinGlass

The next target, now, is being anticipated by analysts to be the $120,000 mark. At its current pace, BTC WOULD achieve this goal in 24 hours. The speed of this rally is similar to past BTC supercycles. These periods are marked by rapid fluctuations in prices to major psychological indicators.

Regulatory Support for Bitcoin

This trend shows that BTC is becoming an attractive asset. A larger number of retail and institutional investors are coming into the market. This has resulted in high demand, putting the price under great pressure. As the U.S. regulatory environment towards crypto is improving, there is still Optimism associated with the future of BTC.

The Relative Strength Index of BTC is 66.77, which means the asset has a good bullish momentum, yet it is close to the overbought situation. MACD line stands at 476.43 and is still above the signal line at 961.30, indicating that the upward trend is still being supported. The MACD histogram is 1,437.74, which is also bullish for BTC.

Source: TradingView

The growth of BTC has not slowed down and as institutional interest is on the rise and the overall market position is strong. As BTC approaches the $120,000 mark, analysts are keen to see whether it will continue rising in price. With its favourable regulatory climate shifting in favour of crypto, BTC is likely to experience sustained positive momentum in the future and is a critical asset to pay attention to in the next few days.