Recent price movements have seen
Bitcoin reach new highs, with the cryptocurrency breaking $118,000. It has frequently bested its previous records, pushed primarily by institutional investor demand which is also driving interest in ETFs. Certain analysts predict its price could reach $200,000 by the end of the year, and possibly even hit $250,000. There has been a flurry of activity with long dormant Bitcoin wallets moving an astonishing $8.6B, and large investments in Bitcoin treasury companies. However, it's not just about Bitcoin anymore with altcoins gaining more attention from corporate entities. In contrast to the bullish behaviour,
MicroStrategy did not purchase more Bitcoin, marking the first time in three months. Despite all this, the Bitcoin price rally appears to reflect the Dollar's weakness as Bitcoin is still below peaks against Gold and the Pound. Specifically,
Ethereum and XRP saw significant price surges, as did some altcoins, leading to Bitcoin's market dominance waning slightly. Overall, the crypto market is highly driven by Bitcoin’s performance.
Bitcoin News Analytics from Mon, 07 Jul 2025 15:32:00 GMT to Sun, 13 Jul 2025 01:26:42 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 8
