Bitcoin Reaches New All-Time High, Fuels Crypto Bull Run

Bitcoin has hit a new record high, stirring excitement in the crypto market. As the value skyrockets, other altcoins are also benefiting from this bullish trend.

Bitcoin Achieves New All-Time High Amid Market Frenzy

Bitcoin, the leading cryptocurrency, marked a significant milestone on Thursday when it reached an all-time high of $118,856 per Bitcoin (BTC). This surge didn’t just stop there though; its momentum carried through into Friday, resulting in a further price increase. The excitement surrounding this rise reflects the overall vibrant mood in the cryptocurrency market, especially as Bitcoin is known for its wild price fluctuations.

Impressive Year-to-Date Growth Stats

Bitcoin’s growth trajectory this year has been quite impressive. It has surged by 105.7% since the start of 2025, when it was valued at $57,341 on July 11, 2024. It’s also worth mentioning that over the past week alone, Bitcoin has increased by nearly 10% from $107,483 on July 4, showcasing its recent bullish trend.

Market Capitalization and Influence

Currently, Bitcoin’s market capitalization stands at a staggering $2.34 trillion. This figure is calculated by multiplying the current price per BTC by the circulating supply, which is approximately 19.89 million BTC. Notably, Bitcoin commands about 66% of the entire cryptocurrency market, which includes over 37 million unique crypto assets. Such a dominant market position indicates not only Bitcoin’s popularity but also its potential influence on price movements across the sector.

Surge in Trading Volume

Trading activity has ramped up significantly, as reflected by Bitcoin’s trading volume over the past 24 hours. A remarkable $122.76 billion worth of BTC changed hands on July 11, highlighting an 88.5% increase compared to the previous day’s volume. This surge in trading suggests that market interest is heating up, with more investors jumping into the fray as Bitcoin continues its ascent.

Bitcoin Holder Distribution Analysis

In terms of Bitcoin holders, the distribution shows that a large segment operates on the lower end of the investment spectrum. As of July 11, a staggering 76.43% of Bitcoin wallets held between $0 and $1,000. A smaller 21.55% maintained between $1,000 and $100,000, but only 2.02% of holders possessed more than $100,000 worth of BTC. This reveals a generally retail-driven investor base, primarily comprising smaller holders.

Investor Holding Periods

When looking at how long Bitcoin investors are holding onto their assets, we see varied time horizons. According to CoinMarketCap, 75.86% of Bitcoin addresses are classified as “Holders,” meaning these individuals have held their BTC for over a year. Just under 20% fall into the “Cruisers” category, holding for one month to one year, while a mere 4.18% are “Traders,” suggesting a more speculative approach to their investments.

Broader Impact on Other Cryptocurrencies

In addition to Bitcoin, various other cryptocurrencies experienced substantial price increases. Ethereum (ETH), boasting a market cap of over $361 billion, climbed approximately 19.05% in the last week to reach $2,962. XRP, the third-largest cryptocurrency, saw a notable price rise of over 22%, currently trading at $2.72, while Solana (SOL) gained more than 10%, now priced at roughly $162. It’s evident that Bitcoin’s success propels other digital assets forward, creating a ripple effect across the market.

Bitcoin’s impressive rise, reaching record-highs, not only illustrates its resilience but also influences an entire market. With over $2 trillion in market cap, Bitcoin’s dynamics shape investor strategies, as evidenced by increasing trading volumes and a diverse holder base. Meanwhile, other cryptocurrencies also enjoy the benefits of this bullish trend, reflecting a growing acceptance of digital assets.