Bitcoin led the way to a new high on the morning of July 14.

On the morning of July 14, the price of Bitcoin continued to rise, breaking through the $119,000 mark on the cryptocurrency exchange Bitstamp, reaching a peak of $119,999, setting a new historical high. This price represents a cumulative increase of over 60% from the temporary low of $74,500 in April this year.

Driven by the continuous rise of Bitcoin, the entire cryptocurrency market surged, with Ethereum up 1.88%, and SOL, XRP, Dogecoin, and others rising more than 2%. Meanwhile, CoinGlass data showed that over 90,000 people were liquidated in the cryptocurrency market in the past 24 hours, with a total liquidation amount exceeding $200 million.

The recent new high in Bitcoin's price was mainly driven by strong interest from institutional investors, support for cryptocurrency policies from U.S. President Donald Trump, and a surge in ETF fund inflows. In addition, improvements in the global regulatory environment, such as the advancement of Hong Kong's Stablecoin Regulation and the EU's Markets in Crypto-Assets Regulation, have also contributed to the rise in Bitcoin's price.#BTC挑战12万大关 #BTC再创新高