Bitcoin Scales Fresh All-Time High of $116,781.10 on Institutional Investor Demand
UNITED STATES, JUL 9 – Bitcoin’s new high is supported by $49.9 billion in ETF inflows since January and growing institutional adoption amid a weakening US Dollar and political instability.
- Bitcoin surged past $112,000 on Wednesday afternoon in New York, setting a fresh all-time high amid a broad tech-stock rally led by Nvidia.
- This surge follows rising institutional demand for bitcoin and crypto bulls' optimism after last year's Trump election raised expectations of regulatory support.
- Corporate treasuries outpaced ETF inflows in buying bitcoin during the second quarter, reflecting structural, regulated, and steady demand reinforced by equity market vehicles.
- Adam Guren noted that bitcoin's move through $112,000 reflects strong ETF inflows, institutional adoption, and a favorable macroeconomic backdrop, while Vincent Liu urged vigilance for potential corrections.
- The rally suggests continued positive momentum fueled by risk-on sentiment, but future price gains depend on macro conditions and trade developments, with some expecting bitcoin to rise above $120,000 soon.
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Bitcoin has crossed the magic limit of $112.000 and thus reached a new record high. But the new Bitcoin high is not the only reason for the excitement: Ethereum and XRP also show impressive increases.
·Vienna, Austria
Read Full ArticleBitcoin hits all-time high, surpasses $112,000 as traders shrug off tariff fears
Bitcoin hit all-time high on Wednesday by surpassing $112,000 as traders shrugged off tariff fears and sought the cryptocurrency as a hedge against global trade tensions and a weakening US Dollar.
·Mumbai, India
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Total News Sources21
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 17%
C 17%
R 67%
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