Bitcoin Surges as Institutional Buying Dries Up Supply
2025-07-11 11:22:00
Main Idea
Bitcoin's price surged to an all-time high of $118,404 due to institutional demand drying up supply and favorable macroeconomic conditions.
Key Points
1. Bitcoin's price reached a record high of $118,404 on July 11, 2025, driven by institutional buying and supply constraints.
2. Major asset management firms like BlackRock, Fidelity, and VanEck invested billions in spot Bitcoin ETFs, reducing circulating supply.
3. The Relative Strength Index (RSI) suggests Bitcoin may not yet be overbought, with analysts targeting $130,000 as the next price level.
4. Expectations of Federal Reserve rate cuts and Bitcoin's recognition as a 'digital store of value' further boosted demand.
5. A drop below $107,000 could signal caution, but the current market context supports potential recovery and further gains.
Description
Bitcoin reached a record high of $118,404 on July 11, 2025.Institutional buying is creating a strong buying pressure on Bitcoin.Fed's rate cut expectations and dollar weakness boost Bitcoin as a safe-haven asset. Continue Reading: Bitcoin Surges as Institutional Buying Dries Up Supply The post Bitcoin Surges as Institutional Buying Dries Up Supply appeared first on COINTURK NEWS .
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