On July 10, Bitcoin reached a new all-time high, surpassing $118,000. This surge was driven by significant ETF inflows and increasing institutional investor interest.
Achievement of New Record
On July 10, Bitcoin hit a new record exceeding $118,000. This increase was driven by substantial ETF inflows and growing demand from institutional investors.
Institutional Interest Influences the Market
There have been over $1.17 billion in net ETF inflows, reshaping market dynamics. Institutional investors continue to pour in, which is expected to support growth into the third quarter.
Regulatory Clarity and Its Impact on Stablecoins
In the U.S., there is progress in regulatory frameworks with the GENIUS Act, promoting the establishment of stablecoin standards. This has increased market confidence and supports its growth.
With ongoing institutional interest and steady regulatory advancements, the Bitcoin and stablecoin markets display potential for sustained strength and growth in the future.
