Bitcoin continues to show impressive results, setting a new all-time high for the second time. This is due to rising institutional investments and a positive trend in financial markets.
Bitcoin Rises Amid Institutional Investments
Institutional investments have once again pushed Bitcoin to a new record high. On June 10, the cryptocurrency reached an all-time high of $113,358.50, increasing by 3.65% over a 24-hour period. Compared to the same time last year, Bitcoin has risen nearly 96.2%.
Crypto Market on the Rise
Bitcoin's rally has also positively impacted the overall crypto market, which rose to $3.52 trillion, up 3.64% in 24 hours. Major altcoins like Ethereum saw significant gains, increasing by 5.54%.
Trade Tensions and Tariff Threats
Despite the positive outlook, markets remain concerned about ongoing trade tensions. President Donald Trump has threatened Brazil with tariffs of 50% in response to the actions of former President Jair Bolsonaro. Brazil, a major U.S. trading partner, is also considering retaliatory measures.
The overall positive trend in the crypto market continues to please investors, but trade tensions may influence future developments. Bitcoin and other cryptocurrencies remain in the spotlight amid changing global economic conditions.
