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Bitcoin crosses $121,000-mark for the first time: What's driving the rally?
Bitcoin jumped nearly 3 percent to cross the $121,000-mark for the first time ever on July 14. The world's largest cryptocurrency has more than doubled investors' wealth in one year, gaining over 103 percent during the period.
Bitcoin was trading at $121,068 apiece, as seen at around 10 am IST. This implies that one bitcoin would be worth more than Rs 1.04 lakh in terms of the Indian currency.
Other cryptocurrencies also saw significant surge, with Ethereum jumping over 3 percent to trade at $3,046 apiece (around Rs 2.62 lakh apiece). Solana meanwhile surged nearly 3.5 percent to hover around $167 apiece (Rs 14,352 apiece).
Cryptocurrencies have seen a significant rally in recent days, buoyed by optimism over 'Crypto week'. The US House of Representatives will meet this week to consider a bill, dubbed as the 'Clarity Act', to provide a crypto regulatory framework to the industry.
#BinanceTurns8
#SpotVSFuturesStrategy،
#HODLTradingStratergy
#DayTradingStrategy،
#trendtradinstrategy
Bitcoin jumped nearly 3 percent to cross the $121,000-mark for the first time ever on July 14. The world's largest cryptocurrency has more than doubled investors' wealth in one year, gaining over 103 percent during the period.
Bitcoin was trading at $121,068 apiece, as seen at around 10 am IST. This implies that one bitcoin would be worth more than Rs 1.04 lakh in terms of the Indian currency.
Other cryptocurrencies also saw significant surge, with Ethereum jumping over 3 percent to trade at $3,046 apiece (around Rs 2.62 lakh apiece). Solana meanwhile surged nearly 3.5 percent to hover around $167 apiece (Rs 14,352 apiece).
Cryptocurrencies have seen a significant rally in recent days, buoyed by optimism over 'Crypto week'. The US House of Representatives will meet this week to consider a bill, dubbed as the 'Clarity Act', to provide a crypto regulatory framework to the industry.
#BinanceTurns8
#SpotVSFuturesStrategy،
#HODLTradingStratergy
#DayTradingStrategy،
#trendtradinstrategy
BREAKING: GameStop $GME to raise 1.3 billion to buy bitcoin
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The cryptocurrency market has risen for two consecutive days, with the NFT sector leading the gains in the past 24 hours, up by 9.62%. Pudgy Penguins surged by 20.98%, while sectors such as AI, Layer1, and DeFi also generally increased. The NFT market has regained attention, which may indicate a revival of digital collectibles and the metaverse concept.
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Event time: July 22, 2025, 14:00 to July 23, 2025, 14:00 (UTC+8)
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