Bitcoin (BTC) crossed $118,800, marking a significant milestone in the cryptocurrency space. As of Friday (July 11, 2025), the digital gold was trading around $118,856, up over 4% in the past 24 hours, with a 7-day gain approaching 10%.
The growth is largely driven by record inflows into Bitcoin ETFs, which hit $1.18 billion on Thursday – the biggest single-day total of 2025 (CNBC). The increased demand comes amid growing market speculation around the Federal Reserve’s next policy move and a series of crypto-friendly signals from the Trump administration.
How does this impact the crypto domain
Much of BTC’s recent momentum can be traced back to April 2025, when Bitcoin ETF inflows began accelerating after policy revisions from the US President, Donald Trump. His administration has since made multiple moves to support crypto innovation and adoption, including a strategic reserve of cryptocurrencies.
Many investors are also reacting to the minutes from the latest Fed meeting, which hinted at internal disagreements over interest rate cuts – a factor that traders are watching closely and anticipating the next announcement.
Markus Thielen, CEO of 10x Research, noted that expectations around a potential shift in monetary policy and ongoing political support have created a strong backdrop for Bitcoin. He stated that, “We started breaking out after those Bitcoin ETF inflows and Powell’s (Federal Reserve Chair) tricky positioning,” he said.
Apart from this, the market has experienced a wave of short liquidations, with more than $650 million in Bitcoin positions closed in the past 24 hours.
As of July 11, 2025, Bitcoin’s circulating supply stands at 19.89 million BTC, with $127.37 billion in 24-hour trading volume – both signs of heightened market activity. Stocks linked to the crypto market, such as MicroStrategy, Riot Platforms, and MARA Holdings, also saw strong gains, beyond the digital space.
For now, the market sentiment remains bullish. With no major macroeconomic risks expected and crypto regulation gaining structure, the upward push on Bitcoin price may continue.
Effect on other cryptocurrencies
The Bitcoin price surge impact was also seen on other cryptocurrencies. The second popular crypto by market cap, Ethereum (ETH), experienced a sharp move, climbing back above the $3,000 mark – its highest since February 2025.
Other cryptocurrencies, like Solana, Avalanche, and XRP, also recorded smaller but positive gains, leading to broader adoption in the digital asset space.
Bitcoin price prediction and future outlook
CoinDCX predicted that if the current momentum continues, BTC price may reach $122,000 to $125,000 in the coming weeks or months. A dip below $114,000 could lead to a short-term correction, but strong demand from Bitcoin ETFs and institutions supports the uptrend.
Looking ahead, the broader outlook remains positive. Continued Bitcoin ETF inflows, rising adoption, and support from global institutions could trigger a BTC price surge of around $130,000 to $150,000 by the end of 2025. Interest from emerging markets and policy changes in countries like India might also play a major role in this growth.
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