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

Bitcoin’s price surged past $118,000 on July 30, 2025, marking a key milestone in its ongoing rally. According to HTX market data, the cryptocurrency briefly reached as high as $118,063, with a 24-hour percentage change of 0.22% [1]. This level follows a fresh all-time high set earlier on July 13, 2025, and has remained firmly above $118,000 amid strong institutional demand and improved regulatory clarity [2].

A pivotal development contributing to the upward momentum was the U.S. Securities and Exchange Commission’s (SEC) approval of in-kind creation and redemption mechanisms for Bitcoin ETFs [1]. This regulatory shift is widely seen as a catalyst for enhanced liquidity and broader institutional participation. Analysts have noted that the ability of institutional investors to more easily access Bitcoin has significantly improved market depth and price resilience [2].

Despite short-term volatility, including a temporary dip caused by a large-scale sale from 2011-era wallets, Bitcoin quickly rebounded and stabilized above the $118,000 level [5]. The broader macroeconomic backdrop also played a role, with the U.S. dollar index reaching a five-week high of 99.34 amid strong GDP growth, which created a favorable environment for risk-on assets like Bitcoin [3].

Ethereum also performed well, trading above $3,800, while crypto ETFs saw substantial inflows, totaling $4.4 billion in July [6]. Analysts have pointed to ETF flows and liquidity cycles as key drivers of Bitcoin’s current performance. Some forecasts suggest the price could reach between $150,000 and $200,000 by the end of 2025, with top analysts highlighting the potential for a six-figure breakout as bullish sentiment continues to build [7].

The price surge has also brought renewed attention to Satoshi Nakamoto’s estimated fortune, which now stands at around $130 billion based on the current Bitcoin price [10]. While the overall market remains bullish, altcoins continue to face downward pressure amid token unlocks and evolving market dynamics [6].

Bitcoin’s sustained performance above $118,000 has sparked discussions about the strength of the ongoing bull market. Although brief dips have occurred, the asset has shown resilience supported by strong institutional activity and regulatory developments that are gradually reshaping the cryptocurrency ecosystem [9].

Source:

[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-$118,000-46977)

[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/)