The recent price surge of Bitcoin is sparking active discussions among cryptocurrency market participants. Speculations are focused on the reasons behind the new record achievement.
New Bitcoin Record
Bitcoin reached a new all-time high of $118,856, surpassing its previous record of $111,970 set on May 22. This indicates a 5.95% increase in price over the past week and a 20% rise since January 2025.
Increased Demand from U.S. Investors
Analyst Burakkesmeci noted that the increased demand from U.S. buyers is a key driver behind Bitcoin's rise. Notably, Coinbase's premium gap increased by 42 points amid Bitcoin's price rise. This indicates heightened interest from U.S. investors paying $42 more for Bitcoin compared to traders on Binance.
Market Outlook
Despite reaching a new high, Bitcoin's demand remains strong, indicating potential further growth. Burakkesmeci also highlighted that last week, the price gap between Coinbase and Binance peaked at $87.76, signaling strong buying pressure.
Bitcoin's new maximum generates optimism among investors and opens up prospects for further growth. However, the current demand stability underscores traders' interest in the asset.
