Bitcoin Reaches New All-Time High
On July 12, 2025, Bitcoin reached a new all-time high of over 118,000 USD. This impressive rally represents a significant development for both private and institutional investors. In particular, strong institutional demand, fueled by billion-dollar inflows into spot Bitcoin ETFs in the United States, was a key driver behind this increase. On the Thursday before the record day alone, around 1.18 billion dollars flowed into these funds.
The Role of Institutional Investors
A central role in this development was played by institutional investors, who increasingly view Bitcoin as a strategic asset allocation, similar to companies like MicroStrategy. Analysts see this as a pivotal turning point, as access to ETFs significantly facilitates market entry for institutional investors.
Economic Factors and Supply Constraints
Other factors contributing to the price development include the expected interest rate cuts in the United States, which fuel interest in riskier assets such as cryptocurrencies. Additionally, there is a tightening supply, as nearly 90 percent of the maximum Bitcoin supply of 21 million is already in circulation, leading to supply constraints and rising prices.
Speculative Movements and Forecasts
Large transactions by so-called ‘Bitcoin Whales’ also drive speculation and market movements. In addition to Bitcoin, Ether also benefited from this dynamic, rising over 8 percent to more than 3,000 dollars.
Optimistic forecasts suggest that the Bitcoin price could continue to rise. For example, the AI Gemini predicts that Bitcoin could rise to around 215,000 USD by the end of the year.
A Signal for the Maturity of the Crypto Market
Overall, this new all-time high signals not only a short-term price increase but also increased acceptance and maturity of the crypto market, presenting far-reaching opportunities for investors of all kinds.