16 July 07:10
Bitcoin rose to $116,000, after an all-time high of over $123,000, thanks to institutional demand and ETFs.
Raluca Ioana Draghici
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Economy
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Bitcoin recently hit an all-time high of over $123,000, reaching $116,000 on Tuesday. That rise is being supported by institutional demand, with ETFs attracting $2.7 billion in a week. Companies such as GameStop and Trump Media are also diversifying their reserves by buying bitcoin. Legislative clarity in the US and ongoing regulatory projects suggest a deeper integration of bitcoin into the traditional financial system.
Sources
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