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Bitcoin Price Surpasses $120,000

Bitcoin hits record level of $120,990.05, supported by significant institutional interest.

July 14, 2025 at 04:20 AM

Bitcoin Price Hits All-Time High Above $120,000

Bitcoin has surged nearly 30% this year, propelled by institutional interest.

Bitcoin reaches record price of over $120,000

Bitcoin has achieved a new high, surpassing $120,000 for the first time. On Monday, its price reached $120,990.05, increasing by 2.7% within the day. The cryptocurrency has been climbing steadily, already enjoying a robust 30% rise this year. Much of this growth is attributed to significant support from the U.S. government, particularly following President Trump's signing of an executive order to create a strategic bitcoin reserve earlier this year. Analysts point to institutional and corporate investors as pivotal players in this upward trend, suggesting the asset is moving beyond speculation to being perceived as both a hedge and a growth investment.

Key Takeaways

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Bitcoin hits a new high of over $120,000.

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Year-to-date increase is nearly 30%.

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Support from government action drives growth.

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Institutional investment plays a key role.

"Bitcoin's latest breakout appears to be the result of a structural rally driven by institutional flows."

Dilin Wu emphasizes the role of institutional investors in Bitcoin's rise.

"In today's asset allocation landscape, bitcoin is no longer just a speculative instrument."

Wu highlights Bitcoin's evolving status in investment portfolios.

The recent surge in Bitcoin's value underscores a pivotal shift in how investors view cryptocurrencies. With institutional players driving demand and a supportive regulatory environment emerging, Bitcoin appears to be solidifying its status as a legitimate financial asset. This changing perception could influence future investment strategies and market dynamics, as more players consider it a stable asset rather than a mere speculative gamble.