• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Sets New Price Record amidst Institutional Inflows and Political Support

user avatar

by Giorgi Kostiuk

7 hours ago

Bitcoin reached a new price peak, highlighting its increasing influence in financial markets and politics.

New Bitcoin Record

On July 11, Bitcoin reached a record of $118,868. This figure underscores the growing appeal of cryptocurrency and its market impact.

Political Support and Institutional Investment

Institutional investments were a significant factor in achieving this record, reflecting a shift towards institutional adoption of cryptocurrencies. Support from prominent figures like Elon Musk adds political legitimacy to Bitcoin. Musk stated, "Fiat is hopeless — Bitcoin will be a key economic pillar for the American Party."

Market Impact and Future Prospects

ETF inflows exceeded $1.18 billion, indicating increased interest from institutional investors. This Bitcoin surge may lead to enhanced market confidence and broader cryptocurrency adoption, as well as influence political views and potential regulatory changes.

Bitcoin continues to capture investor attention, and its future may involve technological developments and shifts in market dynamics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

U.S. Bitcoin Reserve Initiative: New Strategies and Implications

chest

The U.S. is developing a strategy for a Bitcoin reserve aimed at enhancing market stability and fostering innovation in the crypto space.

user avatarGiorgi Kostiuk

SharpLink Gaming Acquires $48.85M in ETH via Galaxy OTC

chest

SharpLink Gaming has acquired 16,373 ETH for $48.85M through Galaxy OTC, highlighting interest in Ethereum.

user avatarGiorgi Kostiuk

Anatsa Malware Poses Threat to Mobile Banking Safety

chest

The Anatsa malware targets mobile banking in the US and Canada, masquerading as legitimate applications.

user avatarGiorgi Kostiuk

Saylor on Bitcoin: Accumulation Strategy and Corporate Assets

chest

Michael Saylor and MicroStrategy have increased their Bitcoin holdings to 550,000 BTC, highlighting a shift in corporate strategies.

user avatarGiorgi Kostiuk

Bitcoin Sets New Record: Price Hits $119,444 While Public Interest Declines

chest

Bitcoin reached a record price of $119,444, despite a decline in public interest and an increase in institutional investment.

user avatarGiorgi Kostiuk

Cryptocurrencies on the Rise: BONK, Ethereum, and BlockDAG’s New Launch

chest

Crypto prices are rising: BONK is recovering, Ethereum surpasses $3K, and BlockDAG has launched a new feature.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.