Market Update

• Bitcoin reached an ATH of 118,856,$ (on July 10), currently trading at $117,626

• Growth since the beginning of the year: 26%, outperforming major asset classes

• See market reaction

Key Trigger Factors

• Institutional inflows: $1.5 billion into Bitcoin ETFs last week

• Technical signals: Bullish MACD, RSI approaching 70

• Regional dynamics: Strong demand in America (+4,990 amplitude) and Europe (+2,674)