Bitcoin Blasts Past $116K, Breaking All-Time Record High

Bitcoin’s market capitalization has now surpassed $2.2 trillion, solidifying its place among the world’s most valuable assets, outpacing giants like Silver, Meta, and even Alphabet. This rally has reignited global debates about Bitcoin’s role as both a digital store of value and a credible alternative to traditional monetary systems.

Next week, from July 14 to 18, the U.S. House of Representatives is set to observe "Crypto Week," a period dedicated to advancing key cryptocurrency legislation and fostering discussions on digital asset innovation. A central focus will be the consideration of the GENIUS Act, which recently passed the Senate with bipartisan support.

Simultaneously, according to figures compiled by Bitwise Asset Management, corporate adoption of Bitcoin has reached unprecedented levels. In the second quarter of 2025, a growing number of public companies added Bitcoin to their balance sheets, reflecting a broader shift in corporate treasury strategies.

Trump’s family businesses have also contributed to Bitcoin’s recent price surge through their growing involvement in the crypto space. Trump Media & Technology Group plans to launch an ETF focused on multiple digital assets, including Bitcoin, further fueling market optimism and institutional interest.

One of the most striking features of the current surge is the overwhelming level of institutional participation. Major asset managers such as BlackRock, Fidelity, and VanEck have significantly increased their exposure to Bitcoin through spot ETFs, which received regulatory approval earlier this year. This institutional buying pressure has not only helped stabilize prices but has also accelerated the mainstreaming of Bitcoin.

Much of Bitcoin’s momentum is being attributed to a sea change in U.S. crypto policy. President Donald Trump has made digital asset innovation a central component of his economic agenda. In March, Trump signed an executive order establishing a Strategic Bitcoin Reserve, signaling the first time a G7 nation has begun actively accumulating the asset. In a further sign of this shift, former SEC Commissioner Paul Atkins was appointed to head the Securities and Exchange Commission, with a clear mandate to modernize oversight of digital assets.

Sovereign wealth funds in the Middle East, and reportedly in parts of Latin America, have begun allocating small portions of their portfolios to Bitcoin, signaling growing institutional confidence and further reducing the asset’s liquid supply.

Beyond the United States, global macroeconomic conditions are also contributing to Bitcoin’s bullish momentum. Central banks across Europe and Asia continue to grapple with inflationary pressures and depreciating fiat currencies. In countries like Argentina and Turkey, where local currencies have faced double-digit annual devaluation, Bitcoin is increasingly seen as a hedge against monetary instability.

Moreover, geopolitical tensions and the weaponization of the U.S. dollar through sanctions have sparked interest in neutral, permissionless assets. Countries such as Brazil have announced pilot programs to settle cross-border trade using Bitcoin and other decentralized assets.

While Bitcoin has experienced multiple parabolic surges in the past, the current rally is viewed more sustainable. The difference lies in its foundation: less speculative fervor, more structural support.

The cryptocurrency market is notoriously volatile, and regulatory uncertainty in other jurisdictions, including the European Union’s implementation of MiCA, could create friction. Yet for now, the momentum is clearly with the bulls.

Ethereum and Solana may follow suit in setting new highs. But for Bitcoin, this moment marks a decisive turning point, not just in price, but in its place within the global financial system.