Bitcoin News Today: Bitcoin Surges Past $118,000 Amid SEC ETF Approval and Institutional Influx

Bitcoin's price surged past $118,000 in late July 2025, reflecting continued momentum in the crypto market despite short-term volatility. On July 30, the cryptocurrency hit $118,063, marking a 0.22% increase in the previous 24 hours [1]. This rally followed a new all-time high of $123,218 set on July 13, 2025, signaling a strong continuation of Bitcoin’s bullish trend [2]. A brief dip to around $116,000 occurred due to a large-scale sale from older wallets, but the price quickly rebounded and stabilized above $118,000 [5].

A key catalyst for the rally was the U.S. Securities and Exchange Commission's (SEC) recent approval of in-kind creation and redemption mechanisms for Bitcoin ETFs [1]. This regulatory development is widely seen as a major boost for institutional adoption, allowing investors to access Bitcoin more efficiently and improving market depth and liquidity [2]. Analysts have highlighted that the new framework is likely to further strengthen Bitcoin’s price resilience and attract larger capital inflows [2].

Ethereum also showed strong performance, trading above $3,800 amid robust demand and rising inflows into crypto ETFs, which totaled $4.4 billion in July [6]. The broader market environment has also supported the rally, with the U.S. dollar index reaching a five-week high of 99.34, following a 3% GDP growth in the second quarter of 2025 [3]. Institutional demand has grown amid clearer regulatory signals, reinforcing the upward trend.

Bitcoin's sharp rise has rekindled interest in the wealth of early adopters, particularly Satoshi Nakamoto, whose estimated net worth now stands at approximately $130 billion based on the current price [10]. Meanwhile, altcoins have faced downward pressure as token unlocks and shifting market dynamics affect liquidity [9].

Analysts have begun to project potential price targets for Bitcoin. Some forecast a price range of $150,000 to $200,000 by the end of 2025 [7], though such projections should be treated as speculative and not as confirmed outcomes. Despite fluctuations, the market has shown resilience, supported by ongoing institutional interest and a more favorable regulatory environment. These developments are gradually reshaping the crypto ecosystem and contributing to the sustainability of the current bull market [9].

Sources:

[1] Bitcoin Price Reclaims $118000 As SEC Approves In-Kind (https://bitcoinmagazine.com/markets/bitcoin-price-reclaims-118000-as-sec-approves-in-kind-creations-and-redemptions)

[2] Bitcoin surges to a fresh all-time high above (https://www.aol.com/bitcoin-touches-another-fresh-time-180421362.html)

[3] BTC Tentative, Dollar Index Hits 5-Week High as U.S. GDP (https://www.coindesk.com/markets/2025/07/30/btc-tentative-dollar-index-hits-5-week-high-as-u-s-gdp-grew-3-in-second-quarter)

[5] Bitcoin News: Bitcoin Holds Strong Despite Massive 80000 (https://coinmarketcap.com/academy/article/bitcoin-news-bitcoin-holds-strong-despite-massive-80000-whale-sale-as-ethereum-demand-surges)

[6] Bitcoin Holds Near $118K As Crypto ETFs Drive Institutional (https://www.ig.com/uk/news-and-trade-ideas/bitcoin-holds-near--118-000-as-crypto-etfs-drive-institutional-f-250730)

[7] Bitcoin Nears $118K – Is 2025 Bull Market Losing (https://cryptonews.com/news/bitcoin-118k-2025-bull-market-momentum/)

[9] Bitcoin inches down but remains above $118000 (https://www.economies.com/crypto/news/bitcoin-inches-down-but-remains-above-$118000-46977)

[10] Bitcoin Surges Past $118000, Satoshi Nakamoto's Fortune (https://www.ainvest.com/news/bitcoin-surges-118-000-satoshi-nakamoto-fortune-reaches-130-billion-xrp-sees-institutional-inflows-dogecoin-sees-bullish-sentiment-10-drop-2507/)