Bitcoin breaks ATH again, Dow Jones gains 200 points as Trump threatens new tariffs
2025-07-10 17:53:43
Main Idea
Bitcoin reached a new all-time high for the second consecutive day, driven by institutional investment, while the Dow Jones also gained despite trade tensions.
Key Points
1. Bitcoin hit an all-time high of $113,358.50 on June 10, marking a 3.65% increase in 24 hours and a 96.2% rise from the same time last year.
2. The total crypto market cap rose to $3.52 trillion, up 3.64% in 24 hours, with Ethereum (ETH) outperforming with a 5.54% increase.
3. The Dow Jones rose 270 points (0.61%), the S&P 500 climbed 0.28%, while the Nasdaq was nearly unchanged, losing 0.01%.
4. President Donald Trump threatened Brazil with 50% tariffs, citing treatment of former President Jair Bolsonaro, with U.S. imports to Brazil totaling $42.3 billion in 2024.
5. Institutional investment and BTC treasury holdings are fueling Bitcoin's price increase, as investors seek safe-haven assets amid trade tensions.
Description
Bitcoin has broken a new all-time high for a second day in a row, while the Dow Jones added gains despite tariff fears. Institutional investment has once again pushed Bitcoin ( BTC ) to an all-time high. On Thursday, June 10, Bitcoin reached an all-time high of $113,358.50 for a second consecutive day. The largest crypto asset was up 3.65% over a 24-hour period and has risen almost 96.2% from the same time last year. Fueling this price increase is growing demand for Bitcoin ETFs, a positive macr...
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