Bitcoin News Today: Bitcoin Surges Past $118,000 as ETF Inflows Fuel $3.68T Market Rally

Bitcoin’s ascent above $118,000 in July 2025 has catalyzed a broad-based rally in the cryptocurrency market, with altcoins gaining traction amid heightened risk appetite. The milestone, reported by platforms including CoinTurk and The Economic Times, marked a pivotal psychological level for Bitcoin, which had previously hovered near $118,000 in late July [1][2]. The surge was underpinned by record inflows into Bitcoin and Ethereum ETFs, with CoinShares data showing $11.2 billion entered crypto-focused funds in a single month—the highest on record [3]. This institutional capital influx coincided with a global M2 money supply peak, amplifying speculative interest in Bitcoin as a hedge against liquidity expansions [4].

The cryptocurrency market capitalization surged to $3.68 trillion by late July, driven by Bitcoin’s 9% weekly gain and altcoin momentum. Ethereum, in particular, climbed 50% over the past month, reaching a seven-month high of $3,850, fueled by institutional adoption and U.S. spot ETF inflows [5]. Binance’s strategic listing of Treehouse (TREE) via its HODLer Airdrop program further invigorated market activity. The project, the 29th in the airdrop series, will distribute 1.25% of its 1 billion maximum token supply. On listing day, approximately 15.46% of the total supply (156.1 million tokens) will circulate, potentially amplifying TREE’s price performance amid bullish sentiment [1].

Technical analysis highlights Bitcoin’s resilience, with traders noting its ability to defend the $118,000 support level despite liquidation pressures [2]. Analysts suggest Bitcoin’s MVRV pricing bands indicate a potential target of $130,000 if bullish momentum persists, though volatility remains a concern due to historical 180-degree corrections [7]. The U.S.-EU trade deal, announced in late July, further reinforced risk-on sentiment, pushing Bitcoin briefly above $119,430 [8]. Meanwhile, global M2 expansions, likened to the 2020 pandemic-era liquidity surge, have reinforced Bitcoin’s narrative as an inflation-resistant asset [4].

Despite optimism, challenges persist. A Gallup survey revealed only 14% of U.S. adults owned crypto, with 60% uninterested, underscoring its niche status [9]. However, institutional demand and ETF inflows signal growing mainstream acceptance. Altcoins continued to outperform, with BNB hitting records and Ethereum’s exit queue metrics surging as capital shifted to smaller-cap assets [10]. PayPal’s new cryptocurrency service also injected momentum, potentially attracting fresh capital to the sector [1].

Market participants remain focused on Bitcoin’s ability to sustain support-level defense and maintain bullish momentum. If the current M2 expansion mirrors 2020-2021 trends, Bitcoin could target $150,000, according to social media speculation [4]. For now, the interplay between institutional flows, macroeconomic factors, and regulatory developments will shape the trajectory of the crypto market.

Sources:

[1] [Bitcoin Surges Over $118,000: Exciting Day for Altcoins] (https://en.coin-turk.com/bitcoin-surges-over-118000-exciting-day-for-altcoins/)

[2] [Bitcoin Holds Onto $118K Despite Liquidations as Altcoins Keep Surging] (https://cryptoadventure.com/wma-bitcoin-holds-onto-118k-despite-liquidations-as-altcoins-keep-surging/)

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

[4] [Best Crypto To Buy Now: BTC Rallies Amid Global M2 Spike] (https://www.bitrue.com/blog/bitcoin-market-update-btc-price-analysis-july-2025)

[5] [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 Eyes Bounce off This Support Level In Reversal] (https://www.mitrade.com/insights/news/live-news/article-3-989226-20250726)

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

[8] [Bitcoin Market Update: What’s Happening to the Price?] (https://www.bitrue.com/blog/bitcoin-market-update-btc-price-analysis-july-2025)

[9] [Gallup Survey Finds No Takers For Crypto In The US] (https://t.co/VErsClo8ip)

[10] [Latest News & Videos, Photos about bull run bitcoin] (https://economictimes.indiatimes.com/topic/bull-run-bitcoin)