The price of bitcoin has surged by six percent within the space of a few hours, reaching $118,000 (£87,000) for the first time ever in its history.
The new record places Bitcoin above Alphabet and Meta in ranking, with bitcoin’s market gap now at $2.3 trillion.
The wider crypto market has also been impacted with Solana, Ethereum and Doge also experiencing significant gains.
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The week that awaits us
12:17 , george.lomasCrypto week will commence on the 14th July and will consist of US lawmakers debating policies within the Crypto industry.
Bitcoin banter at its finest
12:07 , george.lomasJust ride Bitcoin pic.twitter.com/miXuXNIXNt
— Cory Bates (@corybates1895) July 11, 2025
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Reactions
11:51 , george.lomasIt’s safe to say that people committed to Bitcoin are very pleased with the news.
Success is not luck, it is constant effort. pic.twitter.com/hjZUkUkJoi
— ⚡₿itcoinTeddy⚡ (@Bitcoin_Teddy) July 9, 2025
The man who kept his faith in bitcoin
11:44 , george.lomasBitcoin is the ultimate test of conviction. pic.twitter.com/FjkqKb6FaH
— Anthony Pompliano 🌪 (@APompliano) July 10, 2025
Search finding
11:40 , george.lomasBitcoin is on the rise, even if people aren’t searching for it
🚨 Bitcoin breaks above $118K, while retail is still asleep 📈
— Bitcoinsensus (@Bitcoinsensus) July 11, 2025
Google searches for "Bitcoin" remain at bear market lows, even as price rips higher.
That’s a massive positive divergence
BULLISH for #Bitcoin pic.twitter.com/c6v7Fx73gn
Anita Wright, chartered financial planner
11:35 , george.lomas"Bitcoin’s rally has been primarily driven by a combination of improved global liquidity, macroeconomic uncertainty and renewed investor confidence.
“Also, Bitcoin’s nature as a decentralised, global asset, unaffected by corporate earnings or domestic currency exposure, has made it particularly attractive amidst trade tensions, corporate margin pressures and rising stagflation concerns.”
The changing perception of bitcoin
11:06 , george.lomas"Bitcoin is becoming a less risky asset as its capitalization grows," Anthony Pompliano, CEO and Founder of Professional Capital Management.
What does this mean for the Blockchain Group?
11:01 , george.lomasThe Blockchain group, a leading bitcoin treasury company supporting businesses, has risen by 12%.
Why is there a price hike?
10:43 , george.lomasIt is a very historic day for Bitcoin, but why did the price rise in the way that it has?
In the US, the Trump administration has launched various crypto-friendly policies over the last few months, which has helped secure market confidence in cryptocurrencies as a whole.
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