Summary
- It was reported that Bitcoin (BTC) broke through the all-time high of $113,788.23.
- It was stated that investment demand in the global virtual asset market remains strong.
- It was reported that recent net ETF inflows, improving on-chain indicators, and an increase in long-term holders are supporting the price increase.
Bitcoin (BTC) has once again reached an all-time high and continues its bullish trend.
On the 11th, BTC surpassed its previous peak of $113,788.23 in the Binance Tether (USDT) market.
This suggests that investment demand for BTC in the global virtual asset (cryptocurrency) market remains strong.
Recently, net inflows into exchange-traded funds (ETFs), favorable on-chain indicators, and an increased proportion of long-term holders are analyzed to be supporting the rise in BTC price.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
