The Bitcoin price has soared past previous resistance levels to establish a new yearly high, igniting optimism throughout the crypto market. Currently, the Bitcoin price stands at $118,150.81, reflecting a daily increase of over 1.7 percent. This new peak follows an impressive rally that has driven BTC to a 52-week high of $118,441.47, nearly doubling its yearly low of $49,121.24.
Traders monitoring the Bitcoin price today will observe that the 24-hour trading range has varied between $115,305.20 and $118,441.47, illustrating the volatility of BTC despite its increasing mainstream appeal. The 24-hour trading volume is an impressive $107.3 billion, while Bitcoin’s total market capitalization now rests at a staggering $2.33 trillion, solidifying its status as the leading cryptocurrency by market cap.
What factors are driving Bitcoin’s rise?
Many investors are curious about why Bitcoin is going up at this moment. One significant factor is the renewed interest from institutional investors. Large funds and corporations are once again adding BTC to their balance sheets, viewing it as a hedge against economic uncertainty and a long-term store of value.
Furthermore, the global macroeconomic environment favors risk assets. Recent signals from central banks, including the Federal Reserve’s cautious stance on future rate hikes, have fostered a more optimistic market, driving capital into crypto. Thus, investors wondering why crypto is up today need look no further: easy monetary conditions, stronger demand, and positive sentiment are propelling this rally.
Bitcoin reached a new all-time high on Thursday and continues to test the $112,000 resistance level today, indicating the potential for a major breakout. According to Simon Peters, crypto analyst at eToro, the long-term outlook remains bullish as multiple factors continue to bolster the upward trend.
Read more: Bitcoin price today holds above $107,000 as investors watch for U.S.-China trade talks
Rising institutional demand
“Ultimately, the price should continue to climb over the long term,” Simon Peters, crypto analyst at eToro, told Economy Middle East. “Bitcoin is behaving in line with the widely held narrative — as a hedge against monetary debasement — especially as central banks maintain expansive monetary policies, government borrowing continues, and global money supply rises.”
The increasing demand for Bitcoin, particularly from institutional investors, is further driving its price momentum. Public and private companies, institutional funds, and ETFs now hold approximately 3.5 million BTC, representing around 17 percent of the total fixed supply of 21 million — a notable rise from 2.6 million BTC just one year ago.
Additionally, the crypto sector is receiving stronger political and regulatory support. The U.S. is entering what’s being referred to as ‘Crypto Week,’ during which the House of Representatives is expected to discuss three landmark pieces of legislation. If passed, these bills would further legitimize the industry and lay a stronger foundation for future growth.
Despite the positive outlook, Peters advises caution. “While optimism is high, the potential for short-term pullbacks remains. Investors should assess their time horizon and risk tolerance before entering the market,” he said. “A strategy like dollar-cost averaging — investing a fixed amount regularly — may help reduce timing risk and lower the average cost of investment over time.”
Bullish outlook for Bitcoin
Global bank Standard Chartered holds a bullish stance on Bitcoin for the remainder of the year, attributing this optimism to rising corporate treasury purchases and robust inflows into exchange-traded funds (ETFs). The bank projects that Bitcoin could reach new heights of $135,000 by the end of the third quarter, potentially surpassing $200,000 by year-end, according to Geoff Kendrick, head of digital asset research at Standard Chartered.
In his latest analysis, Kendrick emphasized the significance of the Bitcoin halving cycle, a price trend linked to BTC halving events that occur approximately every four years.
However, Standard Chartered acknowledges the possibility of some price volatility in late Q3 and early Q4, given concerns regarding correction patterns observed in previous halvings.
Additionally, data from SoSoValue indicates that US spot Bitcoin ETFs experienced outflows of $342.3 million on Tuesday, marking the first outflow since June 6. These outflows represented 7 percent of the total $4.8 billion inflows recorded over the past 15 days.
Global surge in Bitcoin ATMs
According to the newly released Finbold H1 2025 Cryptocurrency Market Report and reviewed by Economy Middle East, the global number of Bitcoin ATMs surged by 1,004 units in the first half of the year, rising from 37,722 on January 1 to 38,726 by June 30, 2025.
The United States, despite a net loss of 185 machines in Q1, rebounded strongly in Q2 by adding 513 new ATMs. This brought the nation’s total back up to 30,447, reaffirming its status as the world leader in crypto ATM adoption.
“The reversal in U.S. numbers shows how quickly momentum can shift when regulatory sentiment stabilizes,” stated Jordan Major, Finbold analyst and co-author of the report. “With President Trump continuing to position himself as a pro-crypto president, the infrastructure is beginning to reflect that support.”
Australia emerged as the fastest-growing market in relative terms, adding 491 ATMs during H1, with 272 units in Q1 and 219 more in Q2. The country’s total now stands at 1,876, fueled by increasing retail demand and expanding fintech integration.
Meanwhile, Canada sustained steady growth, adding 122 ATMs in Q1 and 123 in Q2, resulting in a total increase of 245. Europe followed closely with a combined 149 new ATMs, distributed across 86 in Q1 and 63 in Q2.
“It’s not just about quantity,” remarked Diana Paluteder, head of content at Finbold. “Even as some markets waver, the steady installation of ATMs globally signals that crypto access remains a priority. The U.S. turnaround, in particular, suggests growing institutional confidence in the market’s regulatory path.”
The global ATM increase caps a robust H1 for crypto accessibility, even as adoption strategies and user behavior continue to evolve. Full regional breakdowns and forward-looking analysis are available in the complete Finbold H1 2025 Cryptocurrency Market Report.
