Bitcoin Tops $111,000. Why President Trump's Bill Is Moving Crypto. @Themotleyfool #Stocks $BTC $DOGE $ETH
- Earlier this week, Bitcoin climbed past $111,000, setting a new highest price level in its history.
- This surge followed a prior peak in December 2024 and was driven partly by the Senate's bipartisan advancement of President Trump's crypto-friendly GENIUS Act.
- Supporting altcoins like Ethereum and Dogecoin also rose sharply, with Ethereum up more than 68% in one month as many stablecoins operate on its blockchain.
- Analysts noted renewed aggressive buying interest at high prices, evidenced by 1,000 call contracts purchased for a $130K September strike and sustained taker buy activity.
- The rally suggests growing optimism around US crypto regulation and institutional demand, potentially paving the way for continued price gains and wider mainstream adoption.
13 Articles
13 Articles
Bitcoin Rally Has Room To Run, Says Morgan Creek's Mark Yusko
Mark Yusko, the founder and CIO of Morgan Creek Capital, believes the ongoing Bitcoin BTC/USD rally is far from over. What Happened: Speaking as Bitcoin surpassed a new all-time high near $111,000, Yusko said the asset’s upward trajectory is backed by deep structural forces and a fundamental shift in how the global economy treats money. “This idea that we should be surprised that we keep making all-time highs? Of course we’re going to make new a…


More Bitcoin Gains Over the Weekend? Renewed Buyer Momentum Says So
Bitcoin surged to a fresh record high above $111,000 earlier this week, marking a strong recovery from its early April low of $75,000. This rally reflects a renewed appetite for risk among investors, and analysts believe the cryptocurrency could climb even higher. Buyers Return in Force Upon examini...
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