🚀 BITCOIN SMASHES RECORDS! 📈
Bitcoin's price has surged to a new all-time high, breaking the $112,000 mark and currently trading at around $112,660. This impressive rally is driven by ¹ ²:
- *Institutional Investment*: Public fund companies have added approximately 159,107 Bitcoins in Q2, bringing their total holdings to about 847,000 Bitcoins, valued at around $91 billion.
- *Renewed Enthusiasm*: Investors are showing increased interest in high-risk assets, contributing to the price surge.
- *Regulatory Support*: The Trump administration's friendly stance towards digital assets has boosted confidence and attracted capital to the sector.
*Current Price Stats:*
- Current Price: $112,499.57
- Open Price: $109,448.89
- High Price: $112,725.38
- Low Price: $109,047.49
- Percent Change: 2.79% ³
*Expert Predictions:*
- Doctor Profit predicts Bitcoin could hit new highs, targeting $120,000-$130,000.
- Two potential scenarios:
- *Temporary Dip*: Bitcoin could dip to $92,000-$93,000 before bouncing back to $120,000.
- *Aggressive Surge*: Bitcoin could surge past $113,000-$114,000 without revisiting lower levels ⁴.
*Market Impact:*
- Other cryptocurrencies, like Ethereum, have also seen significant gains, with a 5.4% increase.
- Crypto-related stocks, such as MicroStrategy and Coinbase Global, have jumped 4.7% and 5.4%, respectively ².$BTC