News View Non-AMP

Why Bitcoin Price Is Up Today?

Published by
Rizwan Ansari and Sohrab Khawas

Bitcoin has officially done it again, breaking past $112,000 and hitting a new all-time high. After a shaky few weeks, the world’s largest cryptocurrency is now not only soaring in price but has also overtaken Alphabet Inc. in market value. 

With a $2.213 trillion market cap, Bitcoin is once again the talk of Wall Street and the crypto world alike.

But what’s pushing this rally? Let’s break it down.

US Lawmakers Finally Talk Crypto Clarity

One of the biggest drivers behind Bitcoin’s rise is growing support from US policymakers. Ripple CEO Brad Garlinghouse recently testified before Congress in support of the CLARITY Act, legislation that aims to bring clear rules to the crypto industry. 

For the first time, all Senators on the panel agreed that crypto is here to stay and needs regulatory clarity. This kind of shift in tone is giving investors fresh hope that the US might finally embrace crypto innovation.

Trump’s Big Moves Add Fuel

Adding more excitement to the mix, President Donald Trump is pushing for a huge 300 basis point rate cut, the largest in U.S. history. Lower interest rates often push investors toward high-growth assets like Bitcoin, and this move could drive even more capital into crypto markets.

Weak Dollar = Strong Bitcoin

Another key factor is that the U.S. dollar is losing steam. The Dollar Index (DXY) is trading far below its 200-day average, a level not seen in over two decades. A weaker dollar often encourages investors to move money into alternative assets like Bitcoin, and that’s exactly what we’re seeing now.

Institutional Investors Keep Buying

On July 9th, Bitcoin ETFs saw fresh net inflows of $215 million, making it five days in a row of steady new money coming in. BlackRock’s IBIT led the pack with $125.6 million, while Ark Investment added $57 million and Grayscale brought in another $15.8 million.

Liquidations Create Risk and Reward

In the past 24 hours, over 114,500 traders were liquidated, with total losses hitting $515 million. The biggest single liquidation was a $51.5 million BTC-USDT order on HTX.

Most of the liquidations came from short-term traders, losing about $451 million, while long-term holders lost around $64 million.

FAQs

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

How much will 1 Bitcoin be worth in 2030?

With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

How much will the price of Bitcoin be in 2040?

As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

How high will Bitcoin go in 2050?

By 2050, a single BTC price could go as high as $377,949,106.84

Rizwan Ansari and Sohrab Khawas

Recent Posts

Cardano Price Surges 10%: Is $1 Within Reach?

The Cardano price (ADA) has recently displayed renewed strength, surging nearly 10% in the past…

July 10, 2025

Viral ETH Meme Coin Under $0.0015 Predicted to Hit $0.60 if Ethereum Reaches $7,000 in 2025

Little Pepe ($LILPEPE) is a meme coin on an Ethereum-compatible Layer 2 blockchain that is…

July 10, 2025

Top Coins To Buy And HODL As Nvidia Briefly Surpasses $4T Market Cap

Nvidia briefly surpassed a $4 trillion market cap, spotlighting the booming AI-GPU narrative that’s rippling…

July 10, 2025

Which Crypto To Buy For Longterm As Elon Musk Says ‘America Party’ Will Back Bitcoin (BTC)

Elon Musk’s bold endorsement of Bitcoin through his newly formed America Party is igniting fresh…

July 10, 2025

Crypto Regulations in the British Virgin Islands 2025

The British Virgin Islands (BVI) is a popular jurisdiction of choice for cryptocurrency businesses. It…

July 10, 2025

Max Keiser’s Bitcoin Prediction for 2025 Shocks Crypto Twitter

Bitcoin has blasted past $112,000 for the first time and longtime Bitcoin advocate Max Keiser…

July 10, 2025