Bitcoin blasted to a fresh all-time high on Thursday, smashing through the $113K range. As bitcoin puts on a show, industry insiders have been chiming in with their thoughts to Bitcoin.com News. While plenty of folks are bullish on bitcoin’s price prospects, others are approaching things with caution.

“The price surge we’ve seen over the past 24 hours is seemingly driven by a confluence of macroeconomic optimism and significant institutional activity in the form of ETF inflows and sovereign and corporate balance sheet allocations,” James Toledano, chief operating officer at Unity Wallet, told our newsdesk.

Toledano continued:

“The current optimism, however, may be foundationally shaky. The U.S. has a major debt crisis, and the interest payments on this debt is the largest budget line-item. A reckoning is surely coming, but this may be good for the strongest crypto assets as capital takes flight seeking a new home.”

Toledano raised another red flag. He stressed that typically when the S&P 500, the market’s go-to benchmark, takes a hit, the dollar gains strength. That’s been the trend for the past 20 years or so. “However, the dollar is weakening, and bond markets are experiencing sell-offs. So while things feel positive, the situation could turn bad in short order for the traditional economy, which in turn may bode well for digital assets,” he added.

Ruslan Lienkha, chief of markets at Youhodler, a fintech platform based in the EU, said the latest market action is grounded in a macroeconomic backdrop that continues to be broadly supportive. “Bitcoin has recently surged to a new all-time high … reflecting strong momentum across the digital asset market,” Lienkha explained in a note sent to Bitcoin.com News.

“A decisive breakout and sustained move above this level could trigger a sharp upward rally, potentially targeting the $130,000 range before entering a new consolidation phase at historically unprecedented levels,” Lienkha added

Gerry O’Shea, head of global market insights at Hashdex, also thinks BTC could climb into a comparable range. “Bitcoin’s new all-time high comes as it’s spent over two months closing above $100,000, buoyed by strong ETF flows, corporate adoption, and an increasingly favorable regulatory climate,” O’Shea explained.

The Hashdex exec further stated:

“While the macro environment will continue to remain uncertain, we believe the bull market is far from over and new catalysts, including more institutional platforms allowing access to bitcoin, may help drive the price of BTC to $140,000 or higher this year.”

Gadi Chait, head of investment at Xapo Bank, also weighed in with a perspective on the current market sentiment. “Since May 8, bitcoin has closed every day north of $100,000, that’s 62 days of price stability in six-figure territory,” Chait said. “For an asset once defined by volatility, this price consolidation over a significant period of time shows that bitcoin is maturing.”

“This week in particular, bitcoin has shattered expectations, evolving from a subdued trading range into a full-blown surge that culminated in a new all-time high,” Chait continued, sharing his opinion prior to the $113K ATH. “As of July 10, 2025, BTC trades at approximately $111,000, up over 2% in the last 24 hours, reflecting robust institutional demand and macroeconomic tailwinds. Under the surface, institutional accumulation is at fever pitch. U.S. spot bitcoin ETFs raked in over $2.9 billion during a 13-day streak, with peaks like $588.6 million on July 8 and $215.7 million on July 9.”

Xapo’s head of investment concluded:

“What’s more, is this stability and institutional inflow we’re seeing has held firm through a period of fairly significant macroeconomic uncertainty, and geopolitical tensions rising globally; a test that many other so-called ‘volatile assets’ would struggle to pass.”

This year’s steady wave of institutional buying—reflected in strong exchange-traded fund (ETF) inflows and growing corporate involvement—sure seems like a maturing market, even as macroeconomic headwinds linger. Although bitcoin faces technical resistance around its lifetime price high range, the prevailing sentiment hints at meaningful upside if it pushes past key levels. Its ability to hold ground amid global uncertainty continues to highlight its potential as a macro hedge, though concerns tied to broader economic instability still linger.

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