Bitcoin (BTC) marked a historic milestone with its highest weekly close ever at $109,218, surpassing the previous record of $109,049, as reported by Cryptocurrency Press and echoed on X. This close, recorded on July 6, 2025, reflects a 2.3% price surge to $109,336, driven by robust institutional inflows into U.S. spot BTC exchange-traded funds (ETFs). Data from SoSoValue shows $2.75 billion in net weekly inflows, the third-highest since ETF approvals in January 2024, with BlackRock’s iShares Bitcoin Trust (IBIT) leading at $109.84 million (1,045 BTC) on July 1, holding 696,875 BTC ($73.26 billion). The surge aligns with global crypto market cap growth to $3.31 trillion, fueled by macro optimism and expectations of U.S. rate cuts.
Institutional demand, led by BlackRock, Fidelity, and Ark Invest, has propelled BTC’s rally, with ETFs amassing $41 billion in inflows since launch.This shift is demonstrated by BlackRock’s IBIT, which controls 3.3% of the Bitcoin supply, which had inflows of $3.7 billion in June 2025 alone. Corporate treasuries, like Metaplanet (12,345 BTC) and ProCap BTC (4,932 BTC), further tightened supply, pushing prices toward the May 2025 all-time high of $111,980. X posts reflect bullish sentiment, with some traders warning of pullbacks if BTC fails to break $110,900 resistance, citing bearish MACD signals.
The BTC rally has rippled across DeFi and Ethereum (ETH), boosting total value locked (TVL) and staking activity. ETH ETFs saw $248 million in weekly inflows, with BlackRock’s ETHA and Fidelity’s funds driving $30.13 million on July 1, supported by the Pectra upgrade. DeFi platforms like Uniswap and Hyperliquid reported 25% volume increases, with ETH trading at $2,601, up 6.3%. This cross-sector momentum highlights BTC’s role as a market anchor, though DeFi’s growth lags behind BTC’s ETF-driven liquidity.
The record close positions BTC for potential new highs, with analysts targeting $120,000-$136,000 by Q1 2026, driven by institutional and sovereign adoption. Regulatory clarity, including SEC approvals and the U.S. Federal Housing Finance Agency recognizing crypto for mortgages, supports this trend. However, risks loom: geopolitical tensions (e.g., Iran-Israel) caused a $98,200 dip in June, and BlackRock’s 3.3% supply control raises centralization concerns. Changpeng Zhao’s projection of $100,000+ is still valid, although momentum may be hampered by volatility (5.04% each month) and possible SEC changes. The benchmark for the growth of cryptocurrencies remains the $3.7 trillion stablecoin market by 2030.
