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Bitcoin Breaks Fresh Record Topping $116,000
The new all-time high on Thursday follows multiple attempts to break above the $112,000 level.
Updated Jul 10, 2025, 9:39 p.m. Published Jul 10, 2025, 4:43 p.m.
What to know:
- Bitcoin reached a new record high above $116,000 on Thursday, CoinDesk data shows.
- The rally is supported by strong ETF inflows, corporate adoption and a favorable regulatory environment, with BTC potentially hitting $140,000 this year, Hashdex analyst said.
- The broader crypto market also saw gains, with Ethereum's ETH rising 5% above $2,800 and the CoinDesk 20 Index advancing 3.4%.
Bitcoin clinched a fresh record high above $116,000 on Thursday, attempting to break away from the range it has been trading in for months.
The largest and oldest cryptocurrency hit $115,469 during the U.S. session, CoinDesk price data shows. It was up 4.3% over the past 24 hours.
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The new record comes less than a day after it briefly topped $112,000 on some exchanges, then retreated below $111,000 in the later hours. A year ago, Bitcoin traded at $57,704, meaning it doubled in price over the past 12 months, despite some volatility through that time — it retraced some of its growth this past spring.
Bitcoin's rally to new highs was buoyed by strong inflows into ETFs, relentless corporate adoption by crypto treasury companies and an increasingly favorable regulatory climate, Gerry O'Shea, head of global market insights at Hashdex, said in a note.
"While the macro environment will continue to remain uncertain, we believe the bull market is far from over and new catalysts, including more institutional platforms allowing access to bitcoin, may help drive the price of BTC to $140,000 or higher this year," he said.
The broader crypto market was also climbing higher on Thursday. Ethereum's ether topped $2,800 and was up more than 5%, while gained 3.5%. The broad-market CoinDesk 20 Index advanced 3.4% to its strongest level since May.
UPDATE (July 10, 17:15 UTC): Updates prices.
UPDATE (July 10, 2025, 21:30 UTC): Adds new BTC all-time high.
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