Recently, Bitcoin (#BTC再创新高 ) has indeed set multiple historical highs. On July 11, Beijing time, the price of Bitcoin once broke through 117,000 USD, rising over 5% within the day. As of 7:42 on that day, the price of Bitcoin reached 115,671.71 USD, increasing over 3%.

Previously, in the early hours of July 10, the price of Bitcoin also once rose to 112,000 USD, setting a new historical high. Since the beginning of this year, the price of Bitcoin has generally maintained an upward trend, with a cumulative increase of over 20%. The rise in its price is mainly influenced by factors such as institutional capital inflow, an increase in market risk appetite, short covering, and improved regulatory expectations.