Bitcoin Hits Another Record High, Tops $113,800 on Institutional Inflows

Bitcoin powered to yet another record on Thursday, rising above $113,800 in a sharp rally fueled by institutional inflows, a friendlier regulatory tone from Washington, and renewed appetite for risk across markets.

The price gains followed a week of building momentum, with traders increasingly optimistic that digital assets could benefit from changing political winds.

The flagship cryptocurrency hit a new high of $113,820.92, continuing its upward trend from Wednesday’s record close. Over the past 24 hours alone, Bitcoin gained more than 4%, with the market capitalization currently at more than $2.26 trillion, according to CoinMarketCap.

Institutional Buying and ETF Hopes

Much of Bitcoin’s rise this year—nearly 22% to date—has been attributed to large institutional flows into crypto investment products. Bitcoin exchange-traded funds (ETFs), introduced earlier this year, have helped anchor the price above the $100,000 mark for more than 60 consecutive days.

But the second quarter brought another twist: public companies began buying Bitcoin at a faster pace than even the ETFs, Business Insider reported. Investors are also responding to signals from former President Donald Trump, who recently signed an executive order to establish a strategic reserve of cryptocurrencies.

🚨 BTC ATH Milestone Alert:
🔥 NEW $BTC ATH: 113,030.4 🚀
Check out the #Bitcoin movement: https://t.co/M8MGm68ycD pic.twitter.com/hEQOfpt29J

— Bybit (@Bybit_Official) July 10, 2025

Trump Signals Regulatory Support for Digital Assets

Trump has added several crypto-friendly names to his administration, including former SEC Commissioner Paul Atkins and AI policy head David Sacks.

In a parallel development, Trump Media & Technology Group has filed with the SEC to launch a crypto ETF that would invest in a basket of digital tokens, including Bitcoin.

More about Bitcoin: Why Is Crypto Going Up Today? Bitcoin Hits ATH, XRP at 2-Month High, Ethereum and Dogecoin Follow

The crypto rally isn’t limited to Bitcoin. Altcoins surged for a second consecutive day, reigniting hopes for broader market gains. Ether and Solana rose more than 2%, while Dogecoin and Cardano’s tokens gained over 5%. XRP and Litecoin also edged higher by around 3%.

This rebound followed weeks of stagnant performance for most alternative tokens, despite the broader rise in Bitcoin prices. Analysts suggest that if Bitcoin sustains its momentum, capital may continue rotating into altcoins in the weeks ahead.

Policy, Earnings, and “Crypto Week”

Investors are eyeing the upcoming “crypto week” starting July 14, when lawmakers will consider several key bills on digital asset regulation. That policy visibility, combined with a tech-led rally on Wall Street, has helped shift sentiment decisively in crypto’s favor.

Despite the turbulence earlier in the year—particularly during spring tariff tensions—Bitcoin has trended higher since Trump’s election victory last November. His promise to loosen regulations and his administration’s pro-crypto tone have reenergized the digital asset space.