Bitcoin Reaches New All-Time High Above $118,820
Just 19 days ago, Bitcoin was trading around $98,000. Today, it shattered expectations by hitting a new all-time high of $118,820, underscoring the accelerating shift toward viewing Bitcoin as both a store of value and a strategic asset. This rally reflects a combination of supportive macroeconomic conditions, sustained institutional inflows, and post-halving supply constraints.
According to a new report from Bank of America Global Research, Bitcoin is the top-performing currency of 2025, beating out 19 fiat currencies with an 18.2% gain versus the U.S. dollar year-to-date. This puts Bitcoin ahead of traditional strong performers like the Swedish krona, Swiss franc, and Euro. The data underscores Bitcoin’s growing strength not just as a digital asset, but as a global monetary unit.
BlackRock's IBIT Breaks ETF Record with Fastest Asset Growth
BlackRock’s iShares Bitcoin Trust (IBIT) broke its ETF records last night by surpassing $80 billion in assets under management, doing so in just 374 days. That’s nearly five times faster than the previous record held by the Vanguard S&P 500 ETF (VOO), which took 1,814 days to reach the same mark. As of today, IBIT sits at $83 billion and holds over 706,000 BTC, making it the 21st largest ETF in the U.S. market.
Two days ago, IBIT also closed at a new all-time high of $63.58, reflecting massive demand for Bitcoin. The number of hours the average American needs to work to afford one Bitcoin has also surged: according to the latest chart by Anil Patel, it now takes 3,766 hours—nearly two full years of labor at the average U.S. wage—to buy just 1 Bitcoin.
Bitcoin Surpasses Amazon to Become Fifth-Largest Asset; Short Squeeze Risk Looms
Bitcoin has reclaimed its spot among the world’s most valuable assets, surpassing Amazon to become the 5th largest by market capitalization. With a total market cap of $2.36 trillion and a price of $118,820, Bitcoin now ranks just behind tech giants like Apple, Microsoft, and NVIDIA.
Over the past few days, more than $463 million in Bitcoin short positions have been liquidated, as price gains accelerate. According to data from Coinglass, an additional $1.5 billion in short positions are on the verge of liquidation if Bitcoin hits $120,000. This mounting short-squeeze pressure could fuel further upside volatility in the near term.