Bitcoin briefly hit a new all-time high above $112,152 on Wednesday, nearly edging out the previous mark of $112,000 in May, according to TradingView.
The world’s largest cryptocurrency by market capitalization then quickly receded slightly to around $111,000, according to The Block Price Page. Bitcoin is up about 20% so far this year.
Bitcoin’s price has been rising over the past few days as the Trump administration’s new tariff date has eased concerns about imminent volatility.
U.S. Treasury Secretary Scott Bessent said over the weekend that tariffs, initially unveiled in April, will take effect on Aug. 1 for countries without a trade agreement with the United States. He added that the tariff level will revert to the rates in effect as of April if negotiations fail before that date.
Also over the weekend, Elon Musk said his “America Party” will support Bitcoin.
Additionally, Bitcoin’s popularity among institutions and corporations has bolstered demand. Following Strategy’s lead, a tech company that has amassed considerable wealth stockpiling BTC, several companies have began accumulating Bitcoin.
On Monday, UK web design firm The Smarter Web Company, which has transitioned into a bitcoin treasury-focused company, said it had acquired an additional 226.42 BTC for £17.87 million ($24.4 million) at an average purchase price of £78,932 ($107,726) per bitcoin.
Smarter Web Company’s rapid Bitcoin acquisitions strategy has positioned 31st of 135 public company holders, per Bitcoin Treasuries data, placing it between Cipher Mining and Core Scientific, closing in on the top 25.
On the institutional side, spot Bitcoin exchange-traded funds (ETFs) now manage nearly $150 billion in capital, reflecting sustained institutional interest despite broader market volatility.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
