Bitcoin Hits Record $118.8K.
Bitcoin soared to a new all-time high of $118.8K, up 7% in 24 hours, mirroring the S&P 500’s climb to 6,350 points. Analyst predicts a potential rally to $140K–$150K, driven by:
Stock Market Surge: S&P 500’s record high fuels crypto confidence.
Institutional Demand: $1.2B in ETF inflows on July 10, with $50B YTD.
Corporate Adoption: 135+ companies hold 3.5% of Bitcoin’s supply.
Pro-Crypto Policies: Trump’s National Crypto Reserve boosts sentiment.
On-Chain Strength: Low exchange flows ($2.4M) and miner accumulation.
Next Targets: $125K is imminent, with a possible pullback to $106.5K before climbing higher. Bitwise’s Matt Hougan eyes $200K by year-end. Volatility persists, with $1B in liquidations signaling caution.
Bitcoin’s fundamentals and market dynamics suggest a bullish future, potentially sparking an altcoin rally. Is $150K next, or will a correction hit first?
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