US EditionBitcoin Tops $118,000 for the First Time, and Keeps on Going
GLOBAL CRYPTOCURRENCY MARKETS, JUL 11 – Bitcoin reached a market cap of $2.35 trillion with over $1 billion in short positions liquidated amid rising institutional demand and declining exchange balances, data shows.
- On Friday, Bitcoin extended its rally, rising to new record highs overnight after spot Bitcoin ETFs saw their biggest inflows of the year.
- The Fed minutes revealed divisions among officials over rate cuts, while ETF inflows increased alongside speculation about Powell’s future, fueling Bitcoin’s rally.
- The market liquidated over 237,000 traders’ positions, wiping out more than $1 billion on Binance, Bybit, and HTX in the largest event since January.
- Bitcoin's record high of over $118,000 on July 11 reflects ongoing institutional demand and regulatory developments, with the U.S. House set to consider the GENIUS Act next week.
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63 Articles
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Dogecoin (CRYPTO: DOGE), the original memecoin, is surging Friday afternoon, capturing significant gains as a wave of speculative enthusiasm washes over the crypto market for the session. What To Know: Friday’s jump comes in direct sympathy with Bitcoin (CRYPTO: BTC), which rocketed to a new all-time high of over $118,000. The surge by the world’s leading cryptocurrency is creating a powerful ripple effect, reigniting interest in high-beta asset…
Bitcoin Soars to Record High, Tops $118,000 Amid Institutional Surge and Regulatory Optimism
MEW YORK – Bitcoin shattered its previous records Friday, briefly soaring past $118,700 before settling around $118,100, fueled by mounting institutional interest, short seller liquidations, and growing optimism over pro-crypto regulations. Join our WhatsApp group Subscribe to our Daily Roundup Email The surge follows massive inflows into spot Bitcoin ETFs, which brought in $1.18 billion […]
Associated Press News
Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions.
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