After reaching a new high, Bitcoin has become the sixth largest asset in the world (Updated July 11, 2025)

1. Latest Market Performance

Price reaches a new high: Bitcoin (BTC) broke through $117,000 on July 10, then slightly retreated to $116,000, with a 24-hour increase of 4.54%.

Market capitalization ranking: Bitcoin's total market capitalization surpasses Google (Alphabet), becoming the sixth largest asset globally, behind only gold, Nvidia, Microsoft, Apple, and Amazon.

2. Core Drivers of Bitcoin's Rise

Institutional inflow: BlackRock’s Bitcoin Spot ETF (IBIT) raised $9 billion in 2025, making it one of the top five ETFs in the U.S. for fund inflows.

Policy benefits: The Trump administration has suspended tariffs for 90 days, boosting market risk appetite.

Scarcity support: The total supply of Bitcoin is only 21 million coins, with institutional investors continuously increasing their holdings.

3. Future Outlook

If Bitcoin rises to $158,000, its market capitalization will surpass Apple ($3.15 trillion), entering the top four globally.

Market predictions suggest a target price range of $110,000 to $200,000 by the end of 2025.

4. Risk Warning

Short-term volatility: Bitcoin futures open interest has reached a new high, potentially exacerbating market fluctuations.

Policy uncertainty: The Federal Reserve's interest rate policy and new tariffs in the U.S. (effective August) may impact market sentiment.

Conclusion: The rise of Bitcoin marks the formal entry of cryptocurrencies into the global mainstream asset category. Whether it can challenge the market capitalization positions of Apple and Microsoft in the future depends on the continued inflow of institutional funds and changes in market risk appetite.#BTC再创新高