Bitcoin surged again on Friday, July 11, 2025, reaching an astonishing new high of over $118,000.

This is evidenced by the latest trading data.

As of 6 AM, the price of the world’s most popular cryptocurrency was $118,239.

Since the start of the day, Bitcoin has increased by over 1% or $1,500.

Meanwhile, another popular cryptocurrency, Ether, is priced at $2,986.57, which is a 1.24% increase since the start of the day.

CNBC explains that Bitcoin’s rise began on Wednesday when investors returned to risky asset investments, boosting cryptocurrencies.

It is noted that significant purchases of cryptocurrency from institutions and optimism on the regulatory front, as the U.S. Congress makes progress on stablecoin legislation, led investors to anticipate Bitcoin reaching new heights in the second half of the year.

Bitcoin continued its upward trend on Thursday, May 22, 2025, hitting a new record of $111,886.