Summary
- Bitcoin has broken its previous high on Binance, showing strong buying pressure.
- It is analyzed that the recent interest from institutional and individual investors in Bitcoin is driving the price increase.
- Expectations for further upward potential of Bitcoin are growing.
On the global cryptocurrency exchange Binance, Bitcoin (BTC) has surpassed its previous high of $109,845.
This rise is analyzed to be due to strong buying pressure in the market, along with renewed interest from institutional and individual investors in Bitcoin.
As a result, expectations for further upward potential are growing.
Meanwhile, BTC is trading at $109,678, up 4% from the previous day, on the Binance Tether (USDT) market as of 01:39 on the 22nd.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
