Bitcoin price today: Why BTC is going up and is this an all-time high?

Bitcoin saw a massive price surge on Wednesday, recording an all-time high (ATH) at over $112,000

Published on: Jul 10, 2025, 02:01:17 IST

By Yash Nitish Bajaj

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Bitcoin saw a massive price surge on Wednesday, not only recovering from the aftershock of President Donald Trump's tariff policy, but also recording an all-time high (ATH) at over $112,000. At the time of writing this story, the BTC price was at $112,016. The cryptocurrency last hit an ATH of $111,970.17 on May 22 and has been struggling since.

This photograph shows Bitcoin stickers displayed at the microbrewery and bar La Fracasse, in Talence (AFP)

Why is Bitcoin going up today? Potential reasons

Several factors could be driving Bitcoin’s recent upward trend.

Institutional adoption and ETF inflows

By July 3, Bitcoin ETF net inflows reached $14.4 billion for the year, with 66 spot ETFs managing over $138 billion in assets. BlackRock’s ETF alone held over $65 billion in BTC, and corporate treasuries like MicroStrategy have increased Bitcoin holdings by 31% to $349 billion, as per investopedia.com and CNBC reports.

Regulatory optimism

The Trump administration’s pro-crypto stance could have fueled a bullish sentiment. President Trump’s push for a Strategic Bitcoin Reserve, formalized by an executive order on March 6, aims to integrate Bitcoin into US reserves, with proposals to acquire up to 200,000 BTC annually over five years.

The Senate’s advancement of a stablecoin regulatory framework this month and Coinbase’s inclusion in the S&P 500 further legitimize crypto, encouraging investment.

Macroeconomic factors

Easing US-China trade tensions and a Moody’s downgrade of US sovereign debt have positioned Bitcoin as an alternative store of value, as per reports. The US Dollar Index’s 10% year-to-date decline and concerns about de-dollarization have driven interest in Bitcoin, with billionaire Philippe Laffont predicting its market cap could reach $5 trillion.

Meanwhile, a tech-led rebound in stocks waned, with Nvidia Corp. dropping below $4 trillion after becoming the first company in history to achieve that milestone. Treasuries rose before a $39 billion US bond sale and minutes from last month’s Federal Reserve meeting. The dollar wavered.

(With inputs from Bloomberg)

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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