Summary
- Bitcoin (BTC) reportedly surpassed the all-time high of $126,199.63 on the Binance USDT market.
- Market participants said that institutional inflows are driving Bitcoin's upward trend.
- They also said that increased trading volume in spot exchange-traded funds (ETFs) is contributing to the bullish momentum.
Bitcoin (BTC) has once again set a new all-time high, continuing its bullish trend.
On the 7th, Bitcoin on the Binance Tether (USDT) market surpassed the previous high of $126,199.63.
Market analysts say that institutional inflows and increased trading volume of spot exchange-traded funds (ETFs) are driving Bitcoin's rise.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
