Bitcoin achieved a new all-time peak, surpassing $116,000 on Thursday, as
it attempts to escape a prolonged period of consolidation.
The leading digital currency reached $115,469 during the U.S. trading
hours, as reported by
CoinDesk price data.
This reflects an increase of 4.3% over the previous day.
This milestone follows a brief surge above $112,000 on certain exchanges
less than 24 hours earlier, after which the price declined to below
$111,000. Compared to its price of $57,704 a year ago, Bitcoin’s value has
doubled over the last year, even after experiencing price swings in the
recent spring months.
Gerry O’Shea, who heads global market insights at Hashdex, attributed
Bitcoin’s surge to fresh record levels to significant investment flows into
exchange-traded funds (ETFs), continuous adoption from companies handling
crypto assets, and a more supportive regulatory landscape.
“Although the broader economic outlook may remain unclear, we anticipate that
this bullish trend will continue, with new factors such as increased
availability of Bitcoin through institutional platforms potentially pushing
its price to $140,000 or higher this year,” he noted.
The wider cryptocurrency market also saw gains on Thursday. Ethereum’s ether
(ETH) exceeded $2,800, climbing more than 5%, while XRP
gained 3.5%. The CoinDesk 20 Index, which represents the broader crypto
market, rose by 3.4%, reaching its highest value since May.
UPDATE (July 10, 17:15 UTC): Updates prices.
UPDATE (July 10, 2025, 21:30 UTC):
Adds new BTC all-time high.