US EditionBitcoin Rally Driven More by Institutional Demand than Speculation
UNITED STATES, JUL 14 – Bitcoin's price surge to over $123,000 is fueled by institutional investments and upcoming US crypto bills, with crypto ETFs seeing $3.7 billion inflows this week, industry data shows.
- Bitcoin crossed $123,000 for the first time on July 14, coinciding with the start of the US-designated Crypto Week.
- The rally follows strong institutional inflows, growing regulatory clarity through bills like the GENIUS Act, and corporate purchases including Metaplant's 797 bitcoin acquisition.
- Open interest in bitcoin futures hit a record $57.4 billion with rising short liquidations, signaling hedging and momentum driven by larger, long-term investors.
- Bitcoin's market cap now exceeds $2.42 trillion, surpassing Amazon's $2.39 trillion, and it has delivered a 30% annual return, topping gold's 26.7%.
- Experts note this institutional-driven surge reflects bitcoin's maturation, but a short-term price reversal is expected before retail investors engage meaningfully at higher levels.
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15 Articles
Bitcoin rally driven more by institutional demand than speculation
As bitcoin hit a record high on Monday, evidence from institutional flows and derivatives suggested its rally might be more stable and lasting than previous speculative runs. Bitcoin crossed $120,000 for the first time on optimism over upcoming U.S. House discussions on digital asset regulation, extending its
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On Monday morning, a bitcoin cost 122,500 dollars or 105,000 euros temporarily. Is it going to continue at this pace?
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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