The big Bitcoin surge: What’s driving the rally?

Here’s what a GST shake-up might mean for your cart

Coke out, desi In: Campus ban sparks big US–India debate

World’s second-largest economy by 2038? Here’s what EY said about India

A town in Japan wants to limit screen time!

Four reasons why Trump’s 50% tariffs can’t break India

Maharashtra may extend private sector work hours to 10 a day

Stanford study confirms AI hits young workers the most

India’s first homegrown chip: Joining the global race?

Not just reels, real trips: Gen Z powers India’s global getaway

Business

Avni

11 JUL 2025 | 08:51:53

Bitcoin has done it again! The world’s most popular cryptocurrency surged past the $116,000 mark on Friday, setting a new all-time high and sending waves through global markets. After weeks of consolidation and tight trading, Bitcoin’s explosive move upward has reignited conversations about its role in the global financial system.

From Dormant to Dominant

This fresh rally marks a dramatic 25% rise in Bitcoin's value just this year. What’s driving it? Several key trends have aligned to create the perfect storm. First, institutional interest in Bitcoin has never been higher. Investment giants like BlackRock have legitimized the space, with its iShares Bitcoin Trust alone raking in over $40 billion in assets. Bitcoin ETFs have lowered the entry barrier, bringing a new wave of mainstream investors into the market.

Political Tailwinds from Washington

Adding fuel to the fire is the political tailwind from the White House. Since his return to office, President Trump has made no secret of his pro-crypto stance. In March 2025, he signed an executive order establishing a Strategic Bitcoin Reserve, effectively integrating Bitcoin into the US’s financial reserves. This move sent a strong signal globally—Bitcoin isn’t just for risk-takers anymore, it’s now a strategic asset.

Institutions on a Buying Spree

"Relentless institutional accumulation" is how Joshua Chu, co-chair of the Hong Kong Web3 Association, described the market trend. Big players are buying in bulk, shrinking available supply and drying up liquidity on exchanges. That kind of scarcity is pure rocket fuel for prices.

Ripple Effect Across Cryptos

The excitement hasn’t stopped at Bitcoin. Ethereum, the second-largest cryptocurrency, jumped 7% in the same period. The rally is lifting the entire digital asset ecosystem—at least for now.

What’s Next for Bitcoin?

Investors are watching closely to see if this momentum can hold. Will Bitcoin consolidate around its new highs, or are we in for another rollercoaster ride? As always in crypto, the only certainty is volatility.

bitcoin