$BTC

#BTC 💰🎙️Bitcoin has indeed reached new record highs recently. According to various sources, it surpassed $118,000 overnight, with some reports citing prices as high as $118,295. More recent data shows Bitcoin trading at around $117,863.18, with a 6.13% increase over the last 24 hours.🚀📈

🔑Key Highlights:

Record Price: Bitcoin's price surged to a fresh record above $118,000, driven by growing confidence and adoption of cryptocurrencies.

Market Trends: The rally is attributed to bets on a September Federal Reserve interest-rate cut, inflows into spot crypto exchange-traded funds, and regulatory tailwinds.

Future Projections: Some analysts predict Bitcoin could hit $120,000 by the end of July, citing strong legislative momentum and potential Fed rate cuts ¹

Factors Driving the Surge:

Institutional Adoption: Growing institutional investment and confidence in cryptocurrencies.

Macroeconomic Factors: Dovish signals from the Federal Reserve and potential interest rate cuts.

Regulatory Environment: Positive regulatory developments and increased adoption . #INDIANstock