Crypto Is on Fire as Bitcoin Nears $120K in Unstoppable Surge

Bitcoin rises again. This time, climb feels different.

The largest cryptocurrency in the world continued its amazing rise on Friday, as it was shattered through multiple symbolic sills within hours and put the highest new level ever for the second day in a row.

After crossing $ 112,000 on Wednesday, Bitcoin hardly stopped. On Thursday and Friday, it exceeded 113,000 dollars, then 114,000 dollars, then $ 115,000, before jumping to $ 116,000, $ 117,000, and finally $ 118,909 as of the time of the press. This is an amazing gain of about $ 7,000 in less than 48 hours.

The speed of the assembly has led to the entire electrification of the encryption market, which is now estimated at 3.75 trillion dollars, according to the data company. Bitcoin alone represents approximately 63 percent of this market, which represents a dramatic return from late 2022, when the total market decreased to less than 900 billion dollars during the winter.

What leads the increase?

Many forces feed the latest bull cycle, but it seems that the stimulus is the most pressing political.

On July 10, President Donald Trump launched another attack on Federal Reserve Chairman Jerome Powell, and renewed his calls for aggressive interest rate discounts. “Technology shares, industrial stocks, and NASDAC reach all the time, standard records! Encryption across the roof,” Trump wrote in all hats on the social truth. “The Federal Reserve must decrease at a rapid rate to reflect this strength. There is no inflation !!!”

The markets seem to respond to Trump pressure. Low interest rates reduce the cost of borrowing and increased liquidity in the financial markets, and the conditions that prefer assets of risk such as cryptocurrencies.

Even the stronger job report is expected, which shows 147,000 new salaries that are not farm in June, compared to 110,000 expectations, was not enough to cool the investor’s appetite. Trump’s general batch of cash relief encouraged markets to overlook charity signals and double the encryption.

Bitcoin’s cultural moment

Bitcoin is again a cultural phenomenon. The effects of encryption, boredom, and billionaires are disgusted at the present time.

Michael Silor, who turned his Microstrategy software into bitcoin cellar for companies, chanted the rise with a distinctive legendary participation: “Eternal halls resonated with the screams of those who sold their bitcoin coin.”

Echoes eternity with the screams of those who sold Bitcoin.

Michael Saylor (Saylor) July 10, 2025

Cameron Winkelvos, co -founder of Gemini, has joined the participation of Mimi who acquired the obsession that many encryption holders feel at the present time. In the picture, Bitcoin calls for attention: “Check me, check me.” Response: “Please Bitcoin, I try to work.”

pic.twitter.com/vlfsbnynic

Cameron July 10, 2025

What is at stake?

It is a referendum on whether Bitcoin has finally matured in the category of total assets.

The tour is about $ 120,000, and perhaps $ 130,000 by weekends, can provoke a new wave of FOMO for sale (fear of loss) and institutional investment, and more bitcoin consolidating as a long -term alternative to traditional assets. It will also enhance Bitcoin in the wider financial system only.

In the wake of the 2024 elections, the United States government achieved a dramatic axis. The new-skeptical congress, and now in everything-embraces the encryption as it has not happened before. Legislators recently announced that the July 14 Week is “encryption week”, which is a symbolic and legislative boost to give the official nature of digital assets in the American financial system. Listen sessions, invoice introductions, and two -party panels in Capitol Hill, cover everything from Stablecoin’s business to tax reform and group infrastructure.

The historical boom of Bitcoin is just as Washington throws its doors. The rapprochement between the political will and the momentum of the market can indicate the beginning of the prevailing moment of encryption in America.

The question now is not only the extent of Bitcoin, but whether the world is ready this time.