Bitcoin hits record $123K
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The price of bitcoin surpassed $122,000 on Monday after surging beyond $120,000 for the first time over the weekend, the latest milestone for the world’s most valuable cryptocurrency as House Republicans stir regulatory optimism among investors.
Bitcoin climbed to an all-time high late on Wednesday, July 9, soaring up and past $112,000 (£82,000).At the time of writing on the morning of July 11, it’s up 1.69% to hit £86,795.46. Since the beginning of the year,
Bitcoin price soared to a new all-time high of $123,218 at the start of this week on Monday. This surge in BTC price flipped its market capitalization to $2.38 trillion, reaching the fifth-largest asset in the world and surpassing both silver and Amazon in terms of market valuation.
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Bitcoin price soared to a new all-time high of $123,218 at the start of this week on Monday. This surge in BTC price flipped its market capitalization to $2.38 trillion, reaching the fifth-largest asset in the world and surpassing both silver and Amazon in terms of market valuation.
Australian investors poured a record $163 million into ASX-listed bitcoin ETFs in the June quarter – a huge bet which has already paid off at the digital asset hit another record this week.
Celebrations are everywhere this week as BTC/USD passes $120,000 for the first time in a giant surge higher. All-time highs now sit at $122,600, with the weekly candle locking in $10,000 of upside, data from Cointelegraph Markets Pro and TradingView confirms.
The world’s largest cryptocurrency is on a historic run fueled by new money and government spending, but some analysts warn this is not a normal rally.
In July, investors expect fireworks from Washington to Wall Street, and this year, Bitcoin ( BTC 6.05%) looks determined to light the sky itself. A handful of powerful forces and an often-jittery macroeconomic backdrop are suddenly all starting to push in the same direction.
U.S. president Donald Trump has helped spur the crypto market higher, pointing to its success as why the Federal Reserve should “rapidly” lower interest
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