Summary
- It was reported that Bitcoin (BTC) touched $118,869 during intraday trading, breaking its previous all-time high.
- Institutional inflows, such as spot ETFs, and strong buying pressure are said to be supporting Bitcoin's price increase.
- Some opinions have emerged that U.S. President Donald Trump's crypto-friendly policies have played an important catalyst role in the current rally.
Bitcoin (BTC) touched $118,869 during intraday trading, marking a new all-time high.
As of 18:43 on the 11th, based on the Binance USDT market, Bitcoin was trading at $118,550, up 6.75% from the previous day. Bitcoin once again set a new record high, reaching an intraday peak of $118,869 (₩160,601,000 on Upbit).
Unlike previous bull markets, analysts note that this rally is supported by strong institutional inflows, including spot ETFs, as well as aggressive buying pressure. In addition, some opinions suggest that the crypto-friendly policies of U.S. President Donald Trump have also acted as a major catalyst for this uptrend.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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