A few minutes ago, Bitcoin surged past $116,000, reaching a new all-time high after setting another record yesterday.
(Source: Bitcoin on X)
At the time of writing, BTC is trading at around $116,000 with a 4.28% hike in 24 hours, with a staggering market capitalization of $2.3 trillion, according to CoinMarketCap.
Will Bitcoin Hit $150,000 Mark by Year-end?
This intense momentum comes amid growing institutional adoption and boosted investor optimism. Some experts also believe that Bitcoin halving in 2024 will also tighten supply, triggering its scarcity model.
Analysts suggest that this explosive growth shows increasing confidence in cryptocurrency as a long-term store of value. However, this is not the only factor; many factors are behind this impressive growth.
For instance, major financial institutions, including BlackRock and Fidelity, have amplified their crypto investments, while countries like El Salvador continue to embrace Bitcoin as legal tender.
Furthermore, BTC ETFs have opened the door for mainstream adoption. As of July 2025, cumulative net inflows into U.S. spot Bitcoin ETFs have surpassed $50 billion, according to CoinGlass.
Apart from this, the Bitcoin halving of the previous year (2024) has triggered intense bullish momentum. With demand outstripping available coins, prices have skyrocketed.
Traders and experts are closely monitoring whether Bitcoin can sustain this momentum. Some experts believe that a potential correction after such a rapid climb, while others believe the rally could push prices even higher, possibly toward $150,000 by year-end.
Retail investors are also jumping in as cryptocurrency exchange volumes hit multi-year highs. Earlier today, when BTC broke the $113,000 mark, it sparked euphoria in the community.
“Thus far it just seems like a retest of the May 22 [previous all-time] high, and has run into selling pressure there,” said John Glover, chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank.
Bitcoin’s record-breaking performance is benefiting the entire crypto market, with Ethereum, Solana, and other major altcoins also witnessing positive gains.
At the time of writing, ETH is trading at around $2,966 with approximately 5% hike in an hour. It quickly moves toward the crucial resistance level at $3,000. If it breaks, ETH could also witness a major breakout.
On the other hand, Solana has also been surging quickly with a 4.36% surge in the last 24 hours. SOL is currently trading at around $165 with an impressive market capitalization of $88.3 billion.
As Bitcoin continues its upward trajectory, all eyes are on whether this marks the start of a new crypto supercycle or if a pullback is on the horizon.
Also Read: Jetking Goes ‘D-BAAP’: Buying Bitcoin Daily at Any Price
