Bitcoin Surges to Record Highs, ETF Momentum Strong

Bitcoin hit a new all-time high of over $117,000 on July 11, 2025, propelled by bullish momentum in risk assets. This surge is linked to the tech sector’s success, with NVIDIA recently hitting a $4 trillion valuation, highlighting Bitcoin’s correlation with tech stocks.
The Nasdaq Composite and S&P 500 reaching record levels have also contributed to Bitcoin’s rise, along with favorable policy signals and supply constraints. The iShares Bitcoin Trust ETF (IBIT) has seen a 15% increase this year, with a 4.3% gain in the past month.
Bitcoin’s recent performance reflects a pressure release rather than a full-scale bull run, tracking closely with tech stock performance. This breakout followed a period of unusually tight range for Bitcoin, setting the stage for the surge.
Congress’s upcoming "Crypto Week" discussions on key regulations, such as the GENIUS Act for stablecoin frameworks, could impact Bitcoin’s institutional inflows positively. Companies like Circle (CRCL) and trading platforms like Robinhood (HOOD) and Coinbase (COIN) have already seen gains.
Bitcoin’s resilience amid market turmoil, with a 26.4% gain this year compared to the S&P 500 ETF Trust (SPY) at 7%, positions it as a hedge against inflation. Federal Reserve Chair Powell referred to Bitcoin as "virtual and digital gold," aligning with investor Ray Dalio’s advice to invest in hard assets like Bitcoin.
Corporate and institutional adoption of Bitcoin is expanding, with companies like GameStop (GME) and Semler Scientific adding Bitcoin to their balance sheets, driving institutional credibility and demand. Goldman Sachs has significantly increased its Bitcoin ETF holdings, signaling wider acceptance.
Bitcoin miners like Bitfarms are pivoting to AI infrastructure, capitalizing on the booming market. Leveraging their data centers and energy expertise, miners are well-positioned to meet AI’s growing demands, which are increasingly critical as NVIDIA’s dominance in AI continues to rise.

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