Bitcoin blasts past $112k to hit historic all-time high

Bitcoin blasts past $112k to hit historic all-time high originally appeared on TheStreet.

Bitcoin smashed past $112,000 for the first time in its short history to record a new all-time high (ATH) on July 9.

As the crypto market continues to recover from the aftershock of President Donald Trump's tariff policy, BTC hit the new record high of $112,055.

The king coin last hit the ATH of $111,970.17 on May 22 and has been struggling since then.

Bitcoin's concept was first introduced by its pseudonym creator, Satoshi Nakamoto, in a white paper in 2008.

Launched in 2009, BTC is the world's first decentralized and the largest cryptocurrency, with a market cap of $2.18 trillion. It accounted for nearly 65% of the total crypto market cap of $3.4 trillion at the time of writing.

The leading cryptocurrency first crossed the $100 price mark in April 2013 and the $1,000 mark in November 2013.

BTC hit the $10,000 mark in November 2017 and the memorable mark of $69,000 in November 2021.

As Trump won the presidential election for the second time, it reached a new ATH of $76,999 in early November 2024.

BTC hit the landmark target of $100,000 in early December 2024.

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With the Trump administration validating BTC with its plan to create a strategic Bitcoin reserve and the institutional adoption led by Wall Street giants such as BlackRock (NYSE: BLK), the king coin seems to have found a home — at least in the U.S. for now.

BlackRock's iShares Bitcoin Trust currently owns 3.5% of the total supply of Bitcoin, greatly affecting institutional investment and potentially influencing market optimism.

Bitcoin blasts past $112k to hit historic all-time high first appeared on TheStreet on Jul 9, 2025

This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared.