Bitcoin Approaches New Record High: Institutional Investors Fuel Bullish Momentum

Bitcoin has surged to new heights, closing in on its all-time high of $122,838 achieved in July 2025, with a gain of approximately 4% since the previous peak. This surge is driven by strong institutional investment and favorable regulatory developments. Publicly traded companies now hold a significant amount of Bitcoin – over $74 billion – with MicroStrategy’s recent acquisition adding another 4,020 BTC worth $427 million last week alone. U.S. spot Bitcoin ETFs also saw an impressive influx of $935 million on August 9th, showcasing massive investor interest.