Bitcoin News Today: Bitcoin Surges Past $119,000 as Institutional Adoption and Post-Halving Supply Dynamics Drive Rally

Bitcoin surged past $119,000 on July 27-28, 2025, driven by a confluence of institutional adoption, macroeconomic factors, and post-halving supply dynamics. The rally was fueled by large-scale financial entities, including sovereign wealth funds and institutional investors, which injected capital into the market amid expanded ETF offerings and regulatory clarity [1]. This marked a significant shift in market dynamics, as institutional demand reshaped Bitcoin’s liquidity and stability. Net inflows into U.S. spot Bitcoin ETFs exceeded $2.5 billion over the past 30 days, surpassing 2024 levels and signaling sustained interest from traditional finance actors [3].

The price increase followed a strategic sale of $9 billion in Bitcoin by crypto lender Galaxy, which stabilized the market after a brief dip below $115,000 earlier in the week. Analysts attributed the broader upward trend to reduced supply post-halving—mining rewards were halved, slowing the rate of new Bitcoin entering circulation—and macroeconomic tailwinds such as inflation-linked asset diversification [1]. Matt Hougan, CIO of Bitwise, emphasized that long-term pro-crypto forces, including institutional participation and regulatory progress, would outweigh cyclical pressures tied to Bitcoin’s four-year halving cycle [2].

Market activity reflected growing confidence in the cryptocurrency’s stability. Trading volumes spiked 13% in 24 hours after Bitcoin broke the $119,000 threshold [4]. Citigroup projected Bitcoin could reach $135,000 by year-end in a base-case scenario, driven by sustained ETF demand, while acknowledging a more aggressive scenario of $199,000 if ETF inflows surpassed $15 billion and user growth exceeded 20% [5][6]. These forecasts contrasted with short-term volatility, as leveraged liquidations temporarily pushed prices down, highlighting the market’s sensitivity to institutional actions and macroeconomic signals [2].

The post-halving environment reinforced Bitcoin’s scarcity narrative, with tighter liquidity and reduced miner rewards bolstering price resilience. Analysts noted, however, that regulatory developments or interest rate shifts could reintroduce volatility [1]. The influx of professional capital underscored a maturing market landscape, where cross-market flows also benefited assets like Ethereum, reflecting broader adoption of crypto as a hedging tool [3].

Sources: [1] [Bitcoin News Today: Bitcoin Surges Past $119000 Driven ...] [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-surges-119-000-driven-institutional-adoption-macroeconomic-factors-technological-advances-2507/] [2] [Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC ...] [https://cryptoadventure.com/bitcoin-rebounds-after-galaxy-completes-sale-of-9b-btc-from-satoshi-era-whale/] [3] [Bit Digital Plans To Purchase More ETH – Is Ethereum ...] [https://www.mitrade.com/insights/news/live-news/article-3-990304-20250728] [4] [Bitcoin Hyper: News & Updates - CryptoDnes EN] [https://cryptodnes.bg/en/tag/bitcoin-hyper/] [5] [Citi's Bullish Bitcoin Outlook: $135000 by 2025's End] [https://cryptoadventure.com/citis-bullish-bitcoin-outlook-135000-by-2025s-end/] [6] [Wall Street's Bold Bet: Bitcoin Could Hit $200K By ...] [https://www.mitrade.com/insights/news/live-news/article-3-989308-20250726]