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Merely 19 days earlier, Bitcoin was valued at roughly $98,000. Today, it defied predictions by achieving a fresh all-time pinnacle of $118,820, highlighting the swift transition towards perceiving Bitcoin as both a reserve of value and a tactical asset.
BlackRock’s iShares Bitcoin Trust (IBIT) set new ETF benchmarks last night by exceeding $80 billion in managed assets, accomplishing this feat in only 374 days. This is nearly five times swifter than the earlier record set by the Vanguard S&P 500 ETF (VOO), which required 1,814 days to achieve the identical milestone.
As of today, IBIT stands at $83 billion and encompasses more than 706,000 BTC, positioning it as the 21st largest ETF within the US marketplace. Two days ago, IBIT also finished at a fresh all-time peak of $63.58, reflecting enormous demand for Bitcoin.
The hours needed for the average American to earn enough to purchase a single Bitcoin. According to the most recent chart from Anil Patel, it now takes 3,766 hours—almost two entire years of work at the average US wage—to acquire just 1 Bitcoin.
A recent study from Bank of America Global Research indicates that Bitcoin has emerged as the top-performing currency in 2025, outperforming 19 fiat currencies with an 18.2% increase against the US dollar this year. This places Bitcoin ahead of traditionally strong contenders like the Swedish krona, Swiss franc, and Euro. The findings emphasize Bitcoin’s expanding strength, not only as a digital asset but also as a worldwide monetary unit.
Bitcoin has also reclaimed its position among the world’s most cherished assets, overtaking Amazon to become the 5th largest by market capitalization. With a market cap totaling $2.36 trillion and a price of $118,820, Bitcoin now ranks just below tech titans like Apple, Microsoft, and NVIDIA.
In recent days, over $463 million in Bitcoin short positions have been liquidated, as price advances soar even higher. Data from Coinglass reveals that an additional $1.5 billion in short positions are nearing liquidation if Bitcoin achieves $120,000.
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