Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon.

Bitcoin is flying again, setting a fresh record above $112,000 after President Trump urged the Fed to again lower interest rates.

On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June. Thanks to the firm successfully running the Phase 1 infrastructure at the new 100 megawatt (MW) facility in Yguazú, Paraguay, HIVE mined 164 Bitcoin in June. In contrast, the firm mined 139 Bitcoin in May.

Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.

MARA Holdings (NASDAQ: MARA) stock was surging about 11% higher on Wednesday and there is good reason to suspect that the rally could continue for the Bitcoin miner. The catalyst on Wednesday was a production update and outlook the company posted.

The company will use a combination of American depositary shares, warrants, and convertible debentures to raise the funds.

Research head of research Markus Thielen points out three factors that may push Bitcoin’s price to new highs by the end of July.

As Bitcoin (BTC) sparks fresh interest with a potential 30% rally fueled by whale accumulation, a quieter but more better coin is emerging in the crypto market this July, Mutuum Finance (MUTM). The token is now in presale,