Bitcoin rose on Thursday, hovering just below its all-time high as traders balanced bullish institutional momentum with fresh caution around U.S. tariff risks.
As of 01:48 ET (05:48 GMT), Bitcoin (BTC) climbed 2.1% to $110,961.70, after briefly hitting a new record of $111,988.20 on Wednesday before a modest pullback on profit-taking.
Record High Fueled by Institutional Demand
Bitcoin’s historic surge comes amid aggressive accumulation by institutional players. Firms like MicroStrategy (NASDAQ:MSTR) continue to bolster their treasury allocations, while newcomers such as GameStop (NYSE:GME) have confirmed Bitcoin purchases backed by board approval.
In a notable development, Trump Media (NASDAQ:DJT) filed with the SEC this week to launch a Crypto Blue Chip ETF, the third ETF filing from the company in June alone—signaling a clear institutional push into crypto assets.
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ETF Inflows and Treasury Holdings Act as Tailwinds
Bitcoin’s rally has been supported by:
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Steady ETF inflows from institutional buyers
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Broader corporate treasury adoption
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Anticipation of clearer U.S. crypto regulations
These trends are positioning Bitcoin not just as a speculative asset, but increasingly as a mainstream institutional-grade investment.
Tariff Jitters Temper Bullish Momentum
Despite Wednesday’s breakout, Trump’s aggressive trade policy continues to weigh on markets. The August 1 tariff deadline has sparked broader risk aversion, limiting upside in crypto and equity markets alike.
📈 Monitor long-term trends and backtest Bitcoin’s price action with the Cryptocurrency Historical Data API to identify cyclical breakouts.
What’s Next? Eyes on “Crypto Week”
Investors are now looking ahead to “Crypto Week”, starting July 14, where U.S. lawmakers are expected to debate three major bills that could reshape the regulatory framework for digital assets.
Bottom Line
Bitcoin is riding strong structural momentum from institutional players and policy shifts. But until tariff risks and regulatory uncertainty clear up, further breakouts may face resistance.
