Bitcoin Soars To New All-Time High, Blasts Past $109,000

The world’s top cryptocurrency by market capitalization touched a high of $109,701, rising more than 4.1% over the past 24 hours.
The photo illustration shows the Bitcoin cryptocurrency on April 7, 2025 in Shanghai, China. (Photo by VCG/VCG via Getty Images)
The photo illustration shows the Bitcoin cryptocurrency on April 7, 2025 in Shanghai, China. (Photo by VCG/VCG via Getty Images)
Profile Image
Rounak Jain·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
Share this article

Bitcoin (BTC) prices soared to a new all-time high on Wednesday, blasting past the $109,000 mark for the first time amid growing concerns about a surge in U.S. equities.

The world’s top cryptocurrency by market capitalization touched a high of $109,701, rising more than 4.1% over the past 24 hours.

This is the second instance of Bitcoin scaling a new high in 2025 – the first instance was in January, ahead of President Donald Trump’s inauguration.

Bitcoin also witnessed a surge of nearly 31% in trading volumes over the past 24 hours, according to Coinmarketcap data, with the total value surging to $67.17 billion.

BTC prices have surged by a staggering 46% since hitting the $75,000 mark in April, when President Trump announced a 90-day pause on his “Liberation Day” tariffs.

Crypto analyst Michael van de Poppe thinks that the debt bubble will collapse in the next one to two years.

“We're living in the final stage of the debt bubble and #Bitcoin will be the needle to let it pop,” he said in a post on X, formerly Twitter.

He added that continued weakness in the U.S. dollar augurs well for both Bitcoin and altcoins.

Aiding Bitcoin’s rapid surge over the past few weeks is a rise in exchange-traded fund (ETF) inflows. According to CNBC, ETF inflows touched $40 billion last week, helping push the price of the top cryptocurrency higher.

Interestingly, Bitcoin proxy Strategy (MSTR) stock declined 0.85% in Wednesday’s midday trade, while Mara Holdings (MARA) surged 4.50%, Coinbase (COIN) rose 1.54%, and Core Scientific (CORZ) gained 1.05%.

Bitcoin prices have surged 16.61% year-to-date and over 53% in the past 12 months.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Subscribe to The Litepaper
All Newsletters
Get the daily crypto email you’ll actually love to read. It's value-packed, data-driven, and seasoned with wit.

Also See: Morgan Stanley Warns Of 3 ‘Profound’ Disconnects As Equities Rally Post US-China Tariff Pause

Read about our editorial guidelines and ethics policy

Advertisement. Remove ads.