Bitcoin Hits New Heights: Surpasses $118,000
Bitcoin has continued its remarkable ascent on Friday, July 11, 2025, surpassing an incredible $118,000 mark.
This information is supported by the latest trading data.
As of 6:00 AM, the value of the most popular cryptocurrency in the world stood at $118,239.
Since the beginning of the day, Bitcoin has increased by over 1% or $1,500.
Meanwhile, another popular cryptocurrency, Ether, is priced at $2,986.57, reflecting a 1.24% increase since the start of the day.
CNBC explains that Bitcoin's surge began on Wednesday when investors returned to risky assets, providing a boost to cryptocurrencies.
It is noted that significant purchases of cryptocurrency by institutional investors and optimistic sentiments on the regulatory front, as the U.S. Congress makes progress on stablecoin legislation, led investors to expect Bitcoin to reach new heights in the second half of the year.
Bitcoin continued its upward trend on Thursday, May 22, 2025, reaching a new record of $111,886.
