According to data from CoinMarketCap, Bitcoin price has set a new record high of $119,308, up 1.4% over the past 24 hours.
This new record comes just days after President Donald Trump announced on Truth Social on the evening of July 11 that the US would impose a 30% tariff on imports from the European Union (EU) and Mexico.
Bitcoin price has surpassed the $119,000 mark. Photo: CNBC.
However, the new developments in trade did not stop “bull” investors from making optimistic forecasts.
In a recent interview on CNBC, Fundstrat Capital Chief Investment Officer Thomas Lee suggested that the imbalance between Bitcoin supply and demand could push the price to anywhere between $150,000 and $250,000 by the end of this year.
Meanwhile, Matt Hougan, chief investment officer of Bitwise Asset Management, predicts that Bitcoin price could surpass $200,000 by the end of the year.
In terms of long-term potential, hedge fund manager James Lavish compared Bitcoin's price to the US debt ceiling, saying: “ There is basically no limit.”
Bitcoin's market capitalization has increased to $2,360 billion. Photo: CoinMarketCap.
BlackRock’s Bitcoin Spot ETF (ticker: IBIT) has just hit a milestone, becoming the fastest ETF in history to reach $80 billion in assets under management, according to Eric Balchunas, senior ETF analyst at Bloomberg, in an X report. The second-fastest ETF to hit the $80 billion mark was Vanguard’s S&P 500 ETF (ticker: VOO), which took 1,814 days to reach the same milestone.
Bitcoin’s historic rally comes even as global markets face macro risks, including escalating tensions over tariffs the Trump administration is expected to impose in August.
“Bitcoin is proving why it’s in a different league. As trade tensions escalate and altcoins falter, institutions are looking at Bitcoin as a macro hedge and a maturing asset class. July will be a big test for the market, but Bitcoin looks ready,” OKX US CEO Roshan Roberts commented earlier.
Source: https://vtcnews.vn/gia-bitcoin-lap-dinh-lich-su-moi-ar954246.html
Comment (0)