๐ Bitcoin Smashes Past $123K โ New All-Time High Set on July 14!
On July 14, Bitcoin officially hit a new all-time high (ATH) of over $123,000, fueled by strong market sentiment, global adoption, and continued support from institutional investors.
What makes this milestone even more special? Itโs also the 8th anniversary of BNB on the Binance exchange โ a historic day for the crypto world.
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๐ผ BTCโs Bullish Momentum: Bitcoin began its breakout run last week from around $107,000, climbing higher day by day and smashing previous highs along the way. As of now, BTC is trading above $123K, marking a 4% gain in the last 24 hours alone.
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๐ Whatโs Driving the Surge?
๐ Global usage of Bitcoin is on the rise.
๐ฆ Institutional interest continues to grow.
๐น BTC ETFs in the U.S. have seen 7 straight days of inflows since July 2.
๐ On July 9, ETFs saw a record inflow of $1.18 billion, followed by $1.03 billion on July 11.
๐ฐ According to SoSoValue, total net assets in BTC ETFs have surpassed $150 billion, with over $52.3 billion in total net inflows.
๐ฅ Market Outlook: Optimism is high across the crypto space. With institutional accumulation and consistent inflows into BTC-focused products, the market looks primed for a strong rally ahead.
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