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Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.
The crypto's gains came as Nvidia and other tech stocks surged, with investors shrugging off worries about U.S. tariffs.
Bitcoin's recent bull run has been characterized by steady price increases and declining volatility, aligning more with traditional financial markets.
The price of bitcoin has hit a new all-time high, reaching above $118,000 (£87,000) for the first time in its history.. The latest rally comes despite global economic and geopolitical ...
Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.
Bitcoin has also benefited from a strong rally in broader stock markets amid rising optimism about the health of the economy. On Tuesday, bitcoin climbed above $68,990.90, the previous record ...
Bitcoin briefly rose above $112,000 to a record high Wednesday afternoon. However, the rally may stall if trade tensions intensify, according to some analysts. The largest cryptocurrency ...