US EditionBitcoin Tops $118,000 for the First Time, as the Cryptocurrency Continues to Climb to New Heights
GLOBAL CRYPTOCURRENCY MARKETS, JUL 11 – Bitcoin and Ether ETFs saw record inflows exceeding $1.5 billion, fueling Bitcoin's rise above $118,000 and Ether's climb past $3,000 amid institutional demand and a weakening US dollar.
- On Friday morning, Bitcoin reached a new record high, climbing above $118,000 amid a sharp increase in trading volume.
- The rally followed a week of increased inflows into bitcoin ETFs and was influenced by Federal Reserve officials' differing views on interest rate cuts.
- Institutional investors and corporate treasuries aggressively accumulated bitcoin, while the weakening US dollar and economic uncertainty also supported the price rise.
- Bitcoin's price rose more than 6% over 24 hours to $118,006 with over $650 million in short liquidations triggering further upward pressure.
- The price surge reinforced bitcoin's role as a store of value asset amid upcoming major crypto legislation during 'Crypto Week' starting July 14.
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Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap? - Overpasses For America
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s summer rally accelerated in the early hour…
Bitcoin has reached a historic peak, surpassing US$118 000, thanks to a massive influx of capital to Bitcoin cash ETFs, which have opened access to cryptocurrency investment to millions of people.
Bitcoin Hits New All-Time High Above $118,000
Bitcoin surged to a new all-time high of $118,856 on Friday morning, with trading volume soaring 95% to $122 billion over 24 hours. The leading digital asset’s price climbed over $7,000 in a single day, continuing a trend of rapid gains that began after breaking above $111,000 on Wednesday. Meanwhile, ETH reached an intraday high of $3,038 and is up over 8% in the past 24 hours. This story is an excerpt from the Unchained Daily newsletter. To …
Bitcoin tops $118,000 for the first time, as the cryptocurrency continues to climb to new heights
Bitcoin has reached yet another all-time high, surpassing $118,000 for the first time on Friday — as a flood of money continues to move into spot bitcoin ETFs, all while U.S. President Donald Trump's crypto-friendly influence makes its way through Washington.According to data from CoinMarketCap, the going price for bitcoin climbed as high as $118,856 early Friday. The world’s most popular cryptocurrency later fell slightly under the $118,000 mar…
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