Bitcoin Surges Past $116,500 Amid ETF Inflows and Institutional Adoption, Eyeing $200,000 Milestone
2025-07-12 10:17:38
Main Idea
Bitcoin reached a new all-time high above $116,500 on July 11, driven by factors such as Federal Reserve interest rate cuts, a tax expenditure bill, and reduced global trade tensions, with potential to reach $150,000-$200,000 by year-end.
Key Points
1. Bitcoin surged past $116,500 on July 11, marking a new all-time high and a near 20% year-to-date gain.
2. Key drivers include Federal Reserve interest rate cuts, a significant tax expenditure bill, and de-escalation of global trade tensions.
3. Adam Guren, CIO of Hunting Hill, attributes the rally to a synergistic macroeconomic backdrop and rising M2 money supply.
4. Most Bitcoin holders are currently in profit, providing stability for continued market strength despite potential short-term profit-taking.
5. Experts predict Bitcoin could reach $150,000-$200,000 by year-end if current trends and expanding M2 liquidity persist.
Description
Bitcoin surged past the $116,500 mark on July 11, establishing a new all-time high and marking an impressive near 20% gain year-to-date. This bullish momentum is underpinned by several key
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