Bitcoin Hits New All-Time High, Nears $112,000 as Institutional Demand Soars

Bitcoin Price Close to $112K, Sets New Record

Bitcoin has reached its highest price ever, briefly touching $111,988 on Wednesday evening before settling around $111,259. With the current exchange rate at IDR 16,215 per USD, this equals over IDR 1.8 billion per coin. Bitcoin Price July 10, 2025.

The rally is attributed to increasing investor interest in risk assets and rising institutional demand. Since the beginning of 2025, Bitcoin has surged by over 18%.

Institutions Now Embrace Bitcoin Price

According to Anthony Pompliano, founder and CEO of Professional Capital Management, Bitcoin has become a safer asset as it matures.
“When Bitcoin’s market cap was between IDR 1,600–3,200 trillion, few institutions could invest. But now, with its valuation in the thousands of trillions, nearly every major investor can participate,” he said in a note to clients.

President Donald Trump’s administration has also backed the digital asset sector. Trump Media & Technology Group is reportedly preparing to launch a cryptocurrency ETF that will include Bitcoin, Ethereum, Solana, and Ripple.

Other Crypto Assets Join the Rally

Ethereum (ETH), the second-largest cryptocurrency, climbed to $2,794 — its highest level in a month. Currently, ETH trades at $2,740, a 5.4% daily increase.

Other assets followed suit:

• Binance Coin (BNB) rose 1.1% to IDR 10.8 million.
• Cardano (ADA) surged 5.47% to IDR 10,111.
• Solana (SOL) gained 4.02%, trading at IDR 2.54 million.

Meme coin Dogecoin (DOGE) jumped 5.8% to IDR 2,942, while XRP increased 4.54% to IDR 39,213.

Market Cap and Trading Sentiment Improve

As of Thursday morning (July 10), most major cryptocurrencies remained in the green. According to CoinMarketCap:

• Bitcoin is up 1.83% in the last 24 hours, trading at $110,969.
• Ethereum has risen 5.28% in a day and 6.19% over the week.
• BNB, ADA, and SOL also showed weekly gains above 1%.

Stablecoins USDT and USDC remained flat at $1.00, with minor declines of 0.12%.

Total crypto market capitalization rose to $3.46 trillion (approx. IDR 56,218 trillion), up 2.56% in 24 hours.