Bitcoin Price Surge Breaks Records:The world’s largest cryptocurrency, Bitcoin, smashed records on Saturday, July 12, 2025, soaring past $1,10,000 for the first time, triggering a massive Bitcoin price surge. According to CoinMarketCap, Bitcoin’s price hit $1,15,550.99, marking a 4.03% jump in just 24 hours. This milestone has sparked excitement among investors, fueling hopes of further gains.
Why the Bitcoin Price Surge?
Several factors are driving this Bitcoin price surge to new heights. A new US Senate bill on stablecoins has boosted investor confidence in crypto’s legal future. Additionally, prominent investor Michael Saylor’s $50 billion Bitcoin purchase has created a wave of trust in the market.
Global and Policy Boost
Former US President Donald Trump’s support for cryptocurrencies, combined with his tariff policies strengthening the dollar, has indirectly fueled the Bitcoin price surge. Rising demand for Exchange-Traded Funds (ETFs) and technical signals like short covering have also pushed Bitcoin to this historic peak. The market is buzzing with optimism as investors eye further growth.
What’s Next for Bitcoin?
Market analyst Tony Sycamore from IG predicts the Bitcoin price surge could propel it to $1,25,000, following a correction in the ongoing bull market. However, he advises caution for new investors due to Bitcoin’s volatile nature. With the crypto market evolving rapidly, all eyes are on Bitcoin’s next move.
Understanding Bitcoin
Bitcoin is a digital currency that operates without government or bank control, powered by blockchain technology for secure transactions. Created through a process called mining, its value fluctuates based on market demand and supply. While it offers investment opportunities, its high volatility calls for careful decision-making.
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