Bitcoin tops $118,000 for 1st time, and keeps on going
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Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.
1don MSN
Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.
Key Takeaways Bitcoin hit a high above $112,000 on Wednesday, its first record high since May. The cryptocurrency is now up roughly 20% on the year after falling below $100,000 in June.Continued adoption of the cryptocurrency as a reserve asset is expected by some experts in the second half of 2025.
Bitcoin is making an attempt to break out above the $110,000 level that has been a significant barriers during previous rallies.
Bitcoin has pushed to a record $113,734.64, lifted by demand from big investors and new crypto-friendly policies under US President Donald Trump. Options traders now see higher levels ahead, with targets up to $150,