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3 key reasons behind Bitcoin's record high today

3 key reasons behind Bitcoin's record high today

India Today10-07-2025
Bitcoin surprised everyone on Wednesday by hitting a new record high of $111,988.90, only a whisker away from the $112,000 mark. Just a few weeks ago, the world's biggest cryptocurrency was struggling to gain ground after market jitters sparked by US President Donald Trump's tariff policy shook investor confidence.At the time of writing, Bitcoin is trading at $111,019.74, rising by 2.27% over the past day. The last record was set on May 22 when it briefly touched $111,970. Since then, Bitcoin has had a bumpy ride, but it seems to be back with a bang.advertisementSo, what's behind this fresh jump? A mix of reasons seems to have given Bitcoin the boost it needed.BIG INVESTORS AND ETFSFirst, big investors and institutions have been putting more money into Bitcoin. There's also been a steady flow of funds into new Bitcoin Exchange-Traded Funds (ETFs), making it easier for people to buy into the crypto market.Since Donald Trump's win, these funds have pulled in loads of new money. BlackRock's iShares Bitcoin Trust alone has attracted over $40 billion so far, more than any other ETF in the last ten years, as per reports.According to Pakaj Balani, CEO & Co-Founder, Delta Exchange, "Over $1 billion has flowed into U.S. spot Bitcoin ETFs since late June. BlackRock's IBIT has accumulated over 700,000 BTC, representing 3.33% of Bitcoin's total supply. Companies are steadily adding Bitcoin to their balance sheets, following the path set by MicroStrategy, signaling deeper corporate alignment with crypto."POSITIVE REGULATORY OUTLOOKThere's also fresh hope on the regulation front. The Trump administration's friendly stand on crypto has lifted spirits. Back in March, President Trump signed an order for a 'Strategic Bitcoin Reserve' to make Bitcoin part of US reserves.In addition, the Senate recently made progress on new stablecoin rules, and Coinbase, a big crypto exchange, has now joined the S&P 500 index, adding more trust in the sector. All this has made investors feel more confident about putting money into crypto.WIDER ECONOMIC TRENDS
Broader factors are helping too. Easing tensions between the US and China and a fresh Moody's downgrade of US debt have pushed some investors to see Bitcoin as a safer place for their money.Simply put, while crypto markets are always unpredictable, this record high has once again put Bitcoin in the spotlight. Traders and investors will now be watching closely to see if this rally can hold steady or if the price will slip back again, as it often has in the past.For now, Bitcoin holders are enjoying the ride, and hoping this is just the beginning of another big bull run.- EndsMust Watch
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