Bitcoin News Today: Bitcoin Surges Past $118,000 as $14.8B Inflows and Spot ETFs Drive Crypto Rally

The cryptocurrency market experienced a notable rally in July 2025 as Bitcoin (BTC) surged past $118,000, reigniting optimism for altcoins. The price movement was driven by institutional inflows exceeding $14.8 billion and the launch of spot ETFs, which injected fresh capital into the market [1]. CoinShares reported that Bitcoin and Ethereum ETFs alone attracted record inflows of $11.2 billion in July, reflecting growing institutional confidence in digital assets [2]. The total crypto market capitalization reached $3.82 trillion, with altcoins benefiting from renewed investor enthusiasm. Ethereum (ETH), for instance, surged 50% in a month, nearing its January high, while BNB hit a record level amid speculative trading [4].

The rally coincided with a global M2 money supply reaching an all-time high, a trend historically correlated with Bitcoin’s performance. Analysts noted that BTC’s price increase of over 9% in a week pushed it above $118,000, with some speculating the next target could range between $127,000 and $132,000 [3]. The MVRV (Market Value to Realized Value) metric suggested Bitcoin could test $130,000 if it consolidates above critical support levels [6]. However, volatility remained a concern, as BTC retreated to $115,000 within days of hitting $120,200, underscoring the need for strategic entry points [7].

Binance’s latest HODLer Airdrop program added momentum to the altcoin market. The exchange introduced Treehouse (TREE), its 29th airdrop project, with a maximum token supply of one billion units. The airdrop distributed 1.25% of the maximum supply, and approximately 15.46% of the total supply (156.1 million tokens) became tradable on listing [1]. The token’s simultaneous launch on BNB and Ethereum networks positioned it for potential gains amid strong market sentiment.

The surge in Bitcoin’s price and broader market activity highlighted the role of macroeconomic factors. Global liquidity expansion, driven by government stimulus and quantitative easing, continued to support crypto valuations. Historical data showed a strong correlation between M2 growth and Bitcoin’s price trends, with BTC often lagging liquidity shifts by 12 to 90 days [7]. For example, during the 2020 pandemic-era stimulus, global M2 grew by 25%, aligning with Bitcoin’s rise from $10,000 to nearly $69,000. Analysts emphasized that Bitcoin’s limited supply made it an attractive hedge against inflation amid declining fiat purchasing power [7].

Despite the bullish momentum, caution persisted. Ethereum faced short-term volatility, retreating from $3,850 to $3,750 despite a 5% weekly gain [4]. Some experts advised waiting for a confirmed breakout before committing to long-term positions [7]. The market’s trajectory remained tied to macroeconomic signals and regulatory developments, with analysts forecasting potential targets of $150,000 for Bitcoin, contingent on sustained M2 growth and ETF demand [7].

The rally underscored the evolving role of spot ETFs in mainstream adoption. ETFs provided regulated exposure to Bitcoin and Ethereum, attracting traditional investors and institutional capital. CoinShares highlighted that record inflows demonstrated the maturing infrastructure around crypto assets, with ETFs acting as a bridge between traditional and digital markets [2].

Source:

[1] [Bitcoin Surges Past $118,000 as $14.8B Inflows and Spot ETFs Drive Mainstream Adoption] [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-surges-118-000-14-8b-inflows-spot-etfs-drive-mainstream-adoption-2507/]

[2] [Bitcoin and Ethereum ETFs Pull in Record-High $11.2B] [https://decrypt.co/332036/bitcoin-ethereum-etfs-record-high-11-billion-july-2]

[3] [Best Crypto To Buy Now: BTC Rallies Amid Global M2 Spike] [https://99bitcoins.com/news/altcoins/live-bitcoin-targets-132k-milestone-after-defending-118k-support-best-crypto-to-buy-now-as-m2-money-supply-hits-ath/]

[4] [ETH Or BTC: Who Is Dominating The Crypto Chart This Week?] [https://99bitcoins.com/news/altcoins/live-bitcoin-targets-132k-milestone-after-defending-118k-support-best-crypto-to-buy-now-as-m2-money-supply-hits-ath/]

[6] [Bitcoin MVRV Pricing Bands Hint At $130K, But Only If This ...] [https://www.mitrade.com/insights/news/live-news/article-3-990138-20250728]

[7] [Best Crypto To Buy Now: BTC Rallies Amid Global M2 Spike] [https://99bitcoins.com/news/altcoins/live-bitcoin-targets-132k-milestone-after-defending-118k-support-best-crypto-to-buy-now-as-m2-money-supply-hits-ath/]