Bitcoin Surges Past $118,000 as Trading Volume and ETF Inflows Accelerate

• Bitcoin hits new all-time high as ETF inflows surge.
• Altcoin market gains momentum following Bitcoin’s dominance decline.
• Institutional investors drive fresh capital into the crypto market.

Bitcoin reached a new all-time high on Friday, trading above $118,000 during the mid-North American session. The price movement came just a day after the asset breached May’s previous peak, supported by a sharp increase in trading activity and institutional demand.

The daily average trading volume for Bitcoin rose over 50 percent in the last 24 hours to around $66 billion. This volatility led to over $325 million being liquidated on leveraged Bitcoin positions over the same period of time. With a rise in market activity, the outlook is on increased investor presence and confidence.

The steady capital inflow into spot Bitcoin ETFs can be considered one of the major factors in Bitcoin’s rallying. Based on the daily net cash flows, iBitcoin Trust (IBIT), created by BlackRock, has been dominating the list. Even on Wednesday alone, at least $125 million worth of new investments were registered by IBIT, indicating that the interest of institutional players is still there.

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Increased global money supply has also been linked to the rise in the value of Bitcoin. The current passing of the One Big Beautiful Bill Act in America is estimated to inflate the federal deficit by 3.3 trillion dollars in the years to come.

This is likely to cause more growth in the M2 money supply, which in most cases favors non-inflationary properties such as Bitcoin.

Altcoins Respond as Bitcoin Dominance Declines Slightly

The altcoin market saw a modest rally following Bitcoin’s price surge. Ethereum gained over 2 percent on Thursday, trading around $2,830 by late afternoon. Bitcoin’s dominance in the crypto market dropped to 64.7 percent, indicating a shift in investor focus toward altcoins.

Traders are now predicting an altcoin season, as crypto market observer CryptoBoss believes the altcoin bull run might have begun. He further noted that the development, when the momentum is maintained, will continue throughout the rest of the year.

The ability of futures markets has also instigated the surge in Bitcoin. According to Coinglass statistics, the open interest of Bitcoin grew by almost 10 percent (to about 80 billion dollars). The increase depicts a high level of speculation and faith in an upward direction.

Bitcoin’s breakout above $113,700 highlights renewed strength in the crypto market. With institutional inflows and elevated trading volume, momentum is building across both Bitcoin and the broader digital asset landscape.

Also Read: Ripple CTO Sparks Panic After Warning on Early Bitcoin Wallet Takeovers

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