Bitcoin Smashes New All-Time High Above $123K On July 14, B
Monnie Brunt OkvK
Updated at: 6 hours ago
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On July 14, Bitcoin hit a new all-time high (ATH) thanks to market confidence and ongoing backing from institutions.
This day marks the 8th anniversary of BNB on the Binance crypto exchange.
On July 14, Bitcoin established a new all-time high (ATH) of almost $123,000. Bitcoin's price remains stable because more people are using it throughout the world, institutions are still interested in it, and the crypto sector is generally positive.
Not only is it a significant day for Bitcoin, but it's also an important day for the world's largest crypto exchange. Binance is celebrating the 8th anniversary of BNB, which is a big deal for the whole ecosystem.
Bitcoin Hits a New All-Time High of Over $123,000
At the time this article was written, BTC was trading for more than $123,000, which is its new all-time high (ATH). In the last 24 hours, BTC has gone up by more than 4%.
In the last week, BTC started to rise from the $107,000 mark and reached one all-time high after another. There are a number of reasons why BTC's price is going up, including as its growing worldwide use, the ongoing influx of BTC ETFs, and the general positive mood in the crypto industry.
There have been inflows into US-based BTC ETFs for seven days in a row since July 2. The greatest day for inflows was July 19, when $1.18 billion came in, followed by July 11, when $1.03 billion came in.
According to SoSoValue, as of July 11, BTC ETFs had more than $150 billion in total net assets, and the total net inflow into the crypto products was more than $52.3 billion.
Market optimism, together with institutional backing and the continuous stockpiling of BTC by BTC-focused enterprises, also drives up the price of BTC.
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