Bitcoin Tops $118,000 for 1st Time
Digest more
Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.
Factors contributing to Bitcoin’s surge include the pro-crypto stance of President Trump, which has spurred greater interest from institutional investors.
Crypto exchange Coinbase Global ( COIN) and bitcoin treasury company Strategy ( MSTR) were both up roughly 5% on the day. Stocks generally rose Wednesday, with the tech-focused Nasdaq Composite finishing at its own high .
1don MSN
Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.
Bitcoin has pushed to a record $113,734.64, lifted by demand from big investors and new crypto-friendly policies under US President Donald Trump. Options traders now see higher levels ahead, with targets up to $150,
Bitcoin hit a new all-time high on Thursday, alongside the Nasdaq Composite and tech giant Nvidia. The oldest and largest cryptocurrency traded as high as $113,853.97, a day after breaking its previous record set in May,