The post Bitcoin back to $118,000 after teasing bulls with $120,000 milestone breach appeared on BitcoinEthereumNews.com.

Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon. That’s a solid 5% jump in less than 24 hours, fueled mostly by a flood of cash into Bitcoin ETFs, according to Coinglass, which also showed that Thursday saw the highest daily short liquidation in four years, totaling around $2.42 billion. The earlier peak, $118,872.85, came overnight and broke past the previous May high. This jump also pulled Ether up with it. The second-largest crypto climbed nearly 6% to $2,976.90, after briefly crossing back above $3,000 for the first time since February. The rise didn’t come from nowhere. Those Bitcoin ETFs saw $1.18 billion flow in yesterday, the biggest single-day inflow of 2025. That’s the kind of cash wave that moves mountains. Ether ETFs weren’t quiet either, pulling in $383.1 million, their second-largest haul ever, according to data from SoSoValue. While BTC kept rising, stocks tied to it started cooling. Mining firms Mara Holdings and Riot Platforms were up just 2.5% and 1.5%, while Strategy, the one everyone treats as a Bitcoin stock, climbed nearly 3%. Platforms like Coinbase, Robinhood, Circle, and eToro barely moved at all. ETFs flood with cash after Fed minutes The rally didn’t exactly begin with fireworks. On Wednesday, the Federal Reserve published its meeting minutes, showing officials are split on how fast to cut interest rates. Some want to hold off. Some want to go harder. The market read that as a green light, and Bitcoin started creeping up. By market close, it was surging. The rally was also helped by a run-up in tech stocks. Markus Thielen, CEO at 10x Research, said that was the moment traders began breaking through the “top range.” He expects the next Fed chair, assuming Donald Trump follows through…

---

Filed under: News - @ July 11, 2025 2:28 pm