Bitcoin Hits New All-Time High, Becomes the World’s Sixth Largest Asset by Market Cap
2025.07.10
Driven by a combination of macroeconomic tailwinds and industry developments, Bitcoin's price surged more than 3.1% intraday, nearing $120,000 and setting a new all-time high. Meanwhile, its market capitalization has surpassed $2.1 trillion, overtaking Google to become the sixth largest asset globally by market value.
This price breakthrough is widely seen as the result of multiple positive factors, including increased liquidity amid expectations of Federal Reserve rate cuts, ongoing corporate accumulation, and growing institutional acceptance of digital assets.
According to a recent report from ARK Invest, long-term holders now control approximately 74% of the total Bitcoin supply—a level not seen in the past 15 years. The report notes that despite rising prices, these holders have shown strong conviction, helping to stabilize market sentiment and provide resilience against volatility.
Market research firm TradingShot points out that since bottoming out in late 2022, Bitcoin’s price has followed a consistent upward channel aligned with long-term Fibonacci trends, indicating potential technical breakout patterns. Analysts also highlight a potential correlation between Bitcoin’s price and global liquidity flows, a topic gaining traction in the current environment of gradually loosening monetary policy.
Additionally, a growing number of corporations and institutions are incorporating Bitcoin into their asset allocation strategies, strengthening its role within the global financial ecosystem and enhancing its recognition in traditional market structures.
Bitcoin’s continued rise reflects the confluence of improving macro liquidity, clear technical momentum, strong holder behavior, and expanding mainstream adoption. At the same time, the global risk-on sentiment has provided external support. As many analysts suggest, Bitcoin appears to be in the midst of a structural upward phase.
This market update focuses on objective developments and structural trends, and does not constitute any form of investment advice.