Bitcoin Price Sets New ATH of Above $113.7k on July 10: Is Crypto Parabolic Rally Next?
2025-07-10 19:30:28
Main Idea
Bitcoin's price surged to a new all-time high above $113,700, driven by institutional support, rising global money supply, and increased futures market activity.
Key Points
1. Bitcoin (BTC) price reached a new all-time high of above $113,700, surpassing May's previous high of $118k.
2. Daily trading volume for Bitcoin surged over 50% in the past 24 hours, reaching about $66 billion.
3. Institutional investors, including U.S. spot BTC ETFs and corporations like BlackRock's IBIT, contributed significantly to the price surge, with IBIT recording a $125 million inflow on Wednesday.
4. The rising global money supply (M2), expected to grow by $3.3 trillion in coming years, also fueled Bitcoin's price increase.
5. Bitcoin's Open Interest (OI) in futures markets rose by 10% in the past 24 hours, reaching around $80 billion.
Description
The post Bitcoin Price Sets New ATH of Above $113.7k on July 10: Is Crypto Parabolic Rally Next? appeared first on Coinpedia Fintech News After rallying above May’s all-time high of about $118k on Wednesday, Bitcoin (BTC) price has rallied to a new all-time high of above $113,700 on Thursday, during the mid-North American session. The flagship coin is now in price discovery mode, which could lead to more bullish momentum in the coming days and possibly weeks. Bitcoin’s daily average trading volu...
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