Bitcoin Ready to Set New Record

Bitcoin is nearing a record high and could pass that level in the next few hours if incoming economic reports show promise.

Written by: Timothy St. John • Wednesday, June 11, 2025 • 2 min read

• Last updated: Wednesday, June 11, 2025

Bitcoin could hit a new record in a matter of hours.

Quick overview

Bitcoin (BTC) is nearing a new record high, currently valued at $100,232 and up 1.23% for the day.
Ethereum (ETH) is showing strong short-term gains, up 3.68% for the day, but has lost 19.24% over the past year.
Investors are optimistic about Bitcoin's potential to reach $150K before 2025, despite historical trends of sell-offs after new highs.
The performance of Bitcoin remains strong, staying above the crucial $100K level even after recent retreats.

It looks like Ethereum (ETH) is doing a good job of catching up with Bitcoin (BTC), but Bitcoin is about to set a new record high as it holds right above $100K.

Investors may want to jump in while Bitcoin is skyrocketing.

The market expects Bitcoin to surge, and that is exactly what it is doing for now, hitting $100,232 (BTC/USD) on Wednesday morning. The coin is up by 1.23% for the day and is still rising. However it has a fierce competitor in Ethereum, which is up 3.68% for the day. For a while now, Ethereum has been beating Bitcoin in gains per week and per day, although Bitcoin is still valued much higher than the second highest crypto coin.

Bitcoin is very close to its all-time high, just 1.45% away. The coin could set a new record as soon as later today or early Thursday, especially if the economic reports this week are positive. Bitcoin whales may help to give the coin a push past the record level since Bitcoin has done so well recently.

Bitcoin’s Recent Performance Looks Promising

What is very enticing about Bitcoin as an investment right now is how the coin has managed to stay above the crucial $100K level even when it retreated in recent weeks. This could indicate the coin’s strength and longevity and its ability to set multiple new records throughout the remainder of the year.

There is still hope that the coin can reach $150K before 2025 is over, and some price predictions from industry insiders have placed the coin’s prospects much higher than that.

In the last year, Bitcoin has gained 64%. Compare that to Ethereum, which has actually lost 19.24% in the last 12 months. Ethereum is doing much better in the short term, though, which is why some analysts think it is catching up to Bitcoin.

Either one of these looks like a good investment right now, but investors should be aware that there is a tendency for Bitcoin to fall drastically after achieving a new all-time high. The whales can only push it so far without the help of the wider investment community, and the trend in past has been that Bitcoin investors sell off their shares in a big way once a new high is achieved.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.