As of July 13, 2025, #Bitcoin (BTC) has been experiencing significant price movements, reaching new all-time highs. Here’s a concise update based on the latest available data:Price: Bitcoin is trading around $117,770.69 to $118,034.64 USD, with a 24-hour trading volume of approximately $42.86 billion to $45.79 billion. It hit a recent peak of $118,909, marking a new all-time high.
Market Performance: Bitcoin surged to $118,900 on July 11, 2025, driven by strong institutional demand and ETF inflows exceeding $1 billion on consecutive days, a first for U.S.-based spot Bitcoin ETFs. Despite a slight 0.01% to 0.03% drop in the last 24 hours, it’s up 5.8% over the past week and 105% year-to-date.
Market Drivers: Institutional Adoption: Robust corporate and institutional demand, with companies like Sequans Communications investing $384 million in Bitcoin and U.S. ETFs holding 10% of all bitcoins.
Policy and Sentiment: Pro-crypto policies under U.S. President Donald Trump and anticipated interest rate cuts are fueling bullish sentiment.
Elon Musk’s Influence: Speculation around Musk’s Bitcoin accumulation, following his America Party’s pro-Bitcoin stance, has sparked market buzz.
On-Chain Metrics: Shrinking liquid supply and increasing long-term holders contribute to price stability. However, retail interest remains low despite the rally.
Market Context: Bitcoin’s market cap is approximately $2.33–2.35 trillion, maintaining a 66% dominance in the crypto market. Trading volume surged 95% in 24 hours, outpacing the broader market’s 63% increase.
