Bitcoin Soars to Record $118,000 Crypto World

Bitcoin Shatters Records: Surges Past $118,000 in Historic Rally

Bitcoin smashes all-time highs above $118,000! Discover the driving forces behind the surge, expert predictions, and what this means for the crypto market.

Crypto World: Bitcoin Flies to New All-Time Highs, Topping $118,000

Historic Breakthrough

In a seismic shift for digital assets, Bitcoin (BTC) skyrocketed to an unprecedented $118,000 today, obliterating previous records. The 24-hour surge of 18% marks Bitcoin’s most aggressive rally since the 2024 halving, propelling the global crypto market cap above $4.5 trillion.

What’s Fueling the Rally?

1. Institutional Tsunami:
   Spot Bitcoin ETFs recorded $2.8B in net inflows this week as giants like BlackRock and Fidelity expand exposure.

2. Macroeconomic Shift:
   With the U.S. dollar index (DXY) plunging to 3-month lows, investors flock to Bitcoin as an inflation hedge.

3. Supply Squeeze:
   Over 88% of Bitcoin’s circulating supply hasn’t moved in 6 months—the highest hodling rate in history.

Expert Reactions

"This isn’t just FOMO—it’s a fundamental reassessment of Bitcoin as digital gold," states Raoul Pal, CEO of Real Vision.

 

JPMorgan analysts revised their 2025 BTC target to $150,000, citing "accelerated institutional adoption."

Altcoins Riding the Wave

• Ethereum (ETH): +12% (trading at $7,200)

• Solana (SOL): +22% amid NFT volume resurgence

• Meme coins: Dogecoin (DOGE) and Shiba Inu (SHIB) gained 30% collectively

Critical Technical Indicators

Metric	Current Value	Significance
RSI (Daily)	78	Near overbought territory
Fear & Greed Index	92 (Extreme Greed)	Highest since 2021 peak
24H Trading Volume	$98B	3x monthly average

Why $118,000 Matters

• Psychological Barrier: Shatters the "double top" resistance at $110K that haunted 2024.

• Miners’ Breakthrough: Mining profitability hits record highs at $0.38 per TH/s.

• Global Adoption: Japan and UAE national banks announced Bitcoin treasury allocations this week.

Risks on the Horizon

Despite euphoria, analysts warn:

⚠️ Leverage Alert: $2.1B in BTC long positions liquidated in 48 hours

⚠️ Regulatory Pressure: SEC Chair Gensler’s "crypto surveillance" speech scheduled Friday

What’s Next?

• Short-Term: Consolidation expected near $115K as derivatives cool

• 2025 Projections: Standard Chartered forecasts $200K if ETF inflows sustain

• Gamechanger: Bitcoin’s upcoming "Stratum V2" upgrade could slash energy use by 40%

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The Bottom Line

Bitcoin’s breach of $118,000 signals a new paradigm—one where institutional capital and macroeconomic tremors converge to redefine global finance. While volatility persists, this rally underscores crypto’s irreversible march toward mainstream legitimacy.

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(Data sourced from CoinGecko, Glassnode, and TradingView as of July 11, 2025)