$BTC

The price of Bitcoin shows bullish momentum approaching $118,000 (July 12, 2025), driven by record inflows from exchange-traded funds, optimism from U.S. regulators, and capital accumulation from companies.

BlackRock's Bitcoin exchange-traded fund has $80 billion in assets under management (the fastest ETF to achieve this milestone).

The U.S. Congress is discussing three cryptocurrency bills (the Genius Act, the Clarity Act, and the Anti-Central Bank Digital Currency Act).

Bitcoin's price breaks through a key resistance level (quarterly gains of 41%, and a new all-time high at $118,000).

In-depth look

1. Rising institutional demand

BlackRock's iShares Bitcoin Trust (IBIT) surpassed $80 billion in assets on July 12, with total assets of 706,000 Bitcoins (BlackRock). This milestone - achieved in 374 days - reflects the accelerating adoption of the currency by institutions, with total assets of Bitcoin exchange-traded funds in the U.S. exceeding $140 billion. At the same time, MicroStrategy announced an unrealized profit of $28 billion from its holding of 597,235 Bitcoins, indicating corporate confidence in the Bitcoin scarcity narrative.