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On the morning of July 11, Bitcoin’s price achieved a new all-time high (ATH). At one point, the BTC price surpassed $118,000, fueled by substantial demand from accumulation addresses.
In the last 24 hours, Bitcoin’s price reached its ATH multiple times. As reported by CoinGecko, at 11:00 (GMT+3) on July 11, 2025, the asset’s peak value hit $118,254, with a temporary 24-hour increase exceeding 6%.
A significant rise in demand from accumulation addresses has been a factor in bolstering Bitcoin’s price. Data from CryptoQuant indicates that demand from these addresses surged by 71% over the past month, with the total volume held in these addresses exceeding 248,000 BTC, marking a new annual high in accumulation activity.
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Increasing interest in digital assets from institutional investors also contributes, as shown by data from SoSoValue.
Analysts concur that Bitcoin’s price increase is further bolstered by the complicated state of the global financial system. CryptoQuant analysts highlighted that a favorable condition for Bitcoin is the drop of the U.S. Dollar Index (DXY) to its lowest point in over twenty years.
The previous high for Bitcoin’s price was noted on April 22, 2025, at $111,500. Major factors for growth at that time included heightened interest from institutional investors and favorable regulatory advancements in the U.S.
Сообщение Bitcoin Price Surpasses $118,000 for First Time Amid Accumulation Surge появились сначала на CoinsPaid Media.
