Share this article
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
