Bitcoin tops $118,000 for the first time
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MicroStrategy and Bitcoin have both generated returns in excess of 1,000% over the past five years. Bitcoin is the top cryptocurrency in the world, and the second-place crypto isn't close in terms of market cap.
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,
Seamus Rocca, the CEO of Xapo Bank, a financial institution that offers Bitcoin services, says that prolonged bear markets are still a part of the landscape.
Bitcoin's volatility is down, which means its famous price surges could become a lot less dramatic as the asset matures, experts told Decrypt.
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Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.
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Bitcoin hit a new all-time high (ATH) of $112,000 on 10 July as the crypto market continues to recover from the aftershock of President Donald Trump 's tariff policy. The king coin last hit the ATH of $111,970.17 on May 22 and has been struggling since. On July 10, BTC's price went as low as $108,357.68 and is now back at $111,000 mark.
U.S. president Donald Trump has helped spur the crypto market higher, pointing to its success as why the Federal Reserve should “rapidly” lower interest
All things considered, the ARK 21Shares Bitcoin ETF will follow Bitcoin's price trends very faithfully over the next five years. The period includes another halving of Bitcoin mining rewards in 2028, and the quantum computing threat is many years away from becoming a real concern.