Bitcoin News Today: Bitcoin Surges 150% to $119,387 as M2 Money Supply Hits $112 Trillion

Bitcoin’s price nears $119,387 following a 150% rally since early 2025, with analysts highlighting potential gains for altcoins as Ethereum strengthens. The cryptocurrency’s recent consolidation within a tight $119,387.50–$119,674.90 range underscores robust liquidity and market stability, marked by a minimal buy-sell spread of $0.10 [1]. This follows an explosive surge from $70,000 in early 2025 to nearly $180,000 by mid-2025, reflecting growing investor confidence and macroeconomic tailwinds [2].

Technical analysis reveals three distinct phases in Bitcoin’s price movement: consolidation around $104,000–$109,000 in late 2024, a steady ascent in early 2025, and a rapid rally to record highs by mid-2025 [1]. The alignment of Bitcoin’s performance with the global M2 money supply—a metric tracking worldwide cash and liquid deposits—has reinforced its narrative as a hedge against currency devaluation. The M2 money supply reached $112 trillion by July 2025, further solidifying Bitcoin’s appeal amid macroeconomic uncertainty [2].

Analysts suggest Ethereum’s upward trajectory could drive broader altcoin momentum in Q4 2025. Ethereum’s 50% monthly surge has drawn attention to the potential for sector-wide gains, as investors diversify into altcoins alongside the leading cryptocurrency’s rally [1]. Institutional interest remains a key driver, with inflows exceeding $1.2 trillion since 2024 supporting Bitcoin’s consolidation near record highs. Regulatory developments, including the Goldman Sachs Digital Asset Conference, have also bolstered market sentiment [1].

On-chain metrics indicate a stable ecosystem, with no significant liquidation spikes and consistent activity across platforms like GitHub and Twitter. However, Bitcoin’s dominance remains unchallenged, with figures such as Peter Brandt dismissing altcoins as “posers” and emphasizing Bitcoin’s central role in the crypto sector [6]. Projections of a $200,000 price target by year-end are cited as speculative forecasts, while current technical conditions suggest a potential rise to $130,000 or beyond if key support levels, such as $110,000, hold firm [4].

The M2 money supply’s record high and ongoing global stimulus programs highlight Bitcoin’s positioning as a decentralized store of value. Sustained institutional backing and favorable liquidity conditions will be critical for maintaining this trajectory. While some models predict short-term dips below $100,000, these remain speculative amid Bitcoin’s broader technical strength [10].

The market’s resilience will depend on sustained macroeconomic trends and regulatory clarity. Ethereum’s continued rise could act as a catalyst for altcoin investments, expanding participation in the broader crypto ecosystem. Investors are advised to monitor key support levels and liquidity dynamics to gauge future momentum.

Sources:

[1] [Bitcoin Must Stay Above $98K to Avoid Bearish Breakdown](https://news.bitcoin.com/bitcoin-must-stay-above-98k-to-avoid-bearish-breakdown-experts-say/)

[2] [Bitcoin Eyes $200K as M2 Expansion and On-Chain...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-eyes-200k-m2-expansion-chain-metrics-signal-bull-run-2507/)

[4] [Analyst Predicts Bitcoin May Hit $130K if $110K Support Holds](https://coingape.com/analyst-predicts-bitcoin-may-hit-130k-if-110k-support-holds/)

[6] [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/)

[10] [Bitcoin Price Holds Strong as M2 Money Supply Correlation Persists](https://cryptofrontnews.com/bitcoin-price-holds-strong-as-m2-money-supply-correlation-persists/)