Bitcoin Hits New All-Time High: What’s Driving the Rally? Is Altseason Next?

Bitcoin has once again shaken the markets. This time with a record-breaking move that has reignited interest in the entire digital asset space. On July 11, 2025, BTC surged to an all-time high of above $118,000, representing a 24% increase year-to-date. But this rally is more than just a technical breakout. It reflects deep, structural changes in market participation, macro sentiment, and institutional strategy.

As the crypto world gears up for another potential altseason, traders and investors are asking, “Is this the continuation of the bullish cycle or just a short-term spike?”

Why Is Bitcoin Really Surging?

Bitcoin didn’t just magically jump past $118,000. This move is backed by real shifts in the market. Let’s break down the key reasons behind the rally:

Institutions Are Accumulating

In the first week of July alone, institutional players added over 8,400 BTC to their holdings. We’re talking hedge funds, family offices, and even corporates. They’re rotating capital into Bitcoin as a long-term asset.

ETF Approval

Ever since spot Bitcoin ETFs were approved in January 2024, big money has flowed into crypto like never before. These products make it simple for traditional investors to buy BTC via regulated exchanges—no wallets, no private keys, just clean exposure.

Bitcoin Gets Political Backing

Crypto is now part of the political conversation. Donald Trump’s 2025 campaign is actively pro-Bitcoin, floating ideas like a national Bitcoin reserve. His media company has even filed for the Truth Social Crypto ETF, which would include BTC, ETH, SOL, and more.

Is Altseason About to Explode?

As of July 2025, the crypto market is showing mixed but promising signs of an approaching altseason. While Bitcoin still dominates, analysts expect a more selective rotation favouring altcoins with strong fundamentals and real utility over speculative plays. Here are some key indicators to watch for the next potential altseason:

1. BTC dominance: A key indicator is the Bitcoin dominance chart, now around 64%. Historically, a drop below 60% often signals the start of altseason, as capital rotates from BTC into altcoins. Similar dominance breaks triggered major alt rallies in 2017–2018 and 2020–2021.

2. Altcoin market cap: Another key metric is the altcoin market capitalisation, currently around $1.3 trillion. A breakout above the $1.5 trillion resistance level would signal renewed investor appetite and could confirm the early stages of an altseason. It would also indicate that capital is flowing beyond Bitcoin into a broader range of crypto assets, a key trait of previous market cycles.

Source: coingecko

What’s Next: Crypto Week Is Coming

As markets digest Bitcoin’s new all-time highs, regulators are stepping into the spotlight. Beginning July 15, the US House of Representatives will launch what it calls "Crypto Week," a legislative push that could reshape how digital assets are regulated in the United States.

Three key bills are on the table:

• GENIUS Act: The first real framework for U.S. stablecoins.
• CLARITY Act: Defines who regulates crypto—SEC or CFTC.
• Anti-CBDC Act: Blocks the Fed from launching a digital dollar.

According to Polymarket, the GENIUS Act has a 91% chance of passing; the CLARITY Act sits at 54%. If passed, these laws could bring long-awaited regulatory clarity and be a potential game-changer for the industry. If the new rules go through, we might see more clarity, more confidence, and fresh momentum across the board.

Bitcoin has broken out, altcoins are stirring, and regulation is finally catching up. Whether you're trading momentum or positioning long-term, this could be the start of a much bigger cycle.