{"id":345622,"date":"2025-07-11T11:14:12","date_gmt":"2025-07-11T16:14:12","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/07\/11\/bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records\/"},"modified":"2025-07-11T11:14:12","modified_gmt":"2025-07-11T16:14:12","slug":"bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/07\/11\/bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records\/","title":{"rendered":"Bitcoin Hits New All Time High As IBIT Breaks ETF Records"},"content":{"rendered":"

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Just 19 days ago, Bitcoin<\/a> was trading around $98,000. Today, it shattered expectations by hitting a new all time high of $118,820, underscoring the accelerating shift toward viewing Bitcoin as both a store of value and a strategic asset.<\/p>\n

BlackRock\u2019s iShares Bitcoin Trust (IBIT) broke its ETF records last night by surpassing $80 billion in assets under management, doing so in just 374 days. That\u2019s nearly five times faster than the previous record held by the Vanguard S&P 500 ETF (VOO), which took 1,814 days to reach the same mark.<\/p>\n

\"IBIT<\/figure>\n

As of today, IBIT<\/a> sits at $83 billion and holds over 706,000 BTC, making it the 21st largest ETF in the US market. Two days ago, IBIT also closed at a new all time high of $63.58, reflecting a massive demand for Bitcoin.<\/p>\n

The number of hours the average American needs to work to afford one Bitcoin. According to the latest chart<\/a> by Anil Patel, it now takes 3,766 hours, nearly two full years of labor at the average US wage, to buy just 1 Bitcoin.<\/p>\n

\"Hours<\/figure>\n

According to a new report from Bank of America Global Research, Bitcoin is the top performing currency of 2025, beating out 19 fiat currencies with an 18.2% gain versus the US dollar year-to-date. This puts Bitcoin ahead of traditional strong performers like the Swedish krona, Swiss franc, and Euro. The data underscores Bitcoin\u2019s growing strength not just as a digital asset, but as a global monetary unit.<\/p>\n

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Bitcoin has also reclaimed its spot among the world\u2019s most valuable assets, surpassing Amazon to become the 5th largest by market capitalization. With a total market cap of $2.36 trillion and a price of $118,820, bitcoin now ranks just behind tech giants like Apple, Microsoft, and NVIDIA.<\/p>\n

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Over the past few days, more than $463 million in Bitcoin short positions have been liquidated, as price gains get even higher. According to data from Coinglass, an additional $1.5 billion in short positions are on the verge of liquidation if Bitcoin hits $120,000.<\/p>\n

\"According<\/figure>\n<\/div>\n

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