Bitcoin's price continued its record-breaking rally for a third consecutive day, surpassing the $118,000 mark for the first time. This surge has pushed Bitcoin's market capitalization close to $2.5 trillion. Year-to-date, the cryptocurrency has increased by more than 20%.
The optimistic sentiment was further bolstered by positive comments from US President Donald Trump on the social media platform Truth Social. He suggested that the cryptocurrency market was "soaring" and that it was time for the Federal Reserve (Fed) to lower interest rates.
The US President also emphasized that technology and industrial stocks and the Nasdaq index had reached all-time highs and that the Fed should quickly lower interest rates to reflect this strength.
"There is no inflation," Trump emphasized in the article.
Earlier, the price of bitcoin plummeted along with other risky assets in early April, after Trump announced a policy of aggressive retaliatory tariffs against trading partners.
The optimistic sentiment was also bolstered by positive comments from US President Donald Trump (Photo: iStock).
However, the cryptocurrency and stock markets subsequently surged impressively, despite recent uncertainties regarding global geopolitical situations and new tariff statements from the US President.
Additionally, the US House of Representatives recently announced that next week will be "cryptocurrency week," with a July 16th hearing titled "Making America the Cryptocurrency Capital of the World ." Traders are anticipating concrete signals after months of legal silence.
Mauricio Di Bartolomeo, co-founder of the financial firm Ledn, believes that this surge is partly driven by expectations of increased demand from a series of recently established cryptocurrency treasury companies.
These companies are planning to issue stocks or bonds to include bitcoin on their balance sheets with the goal of becoming indirect representatives of bitcoin in the stock market.
"Bitcoin has reached new highs thanks to relentless demand from both individual and corporate investors," Di Bartolomeo stated in the report.
Bitcoin's historic surge occurred even as global markets faced macroeconomic risks, including escalating tensions related to the tariffs that the Trump administration is expected to implement starting in August.
Source: https://dantri.com.vn/kinh-doanh/gia-bitcoin-pha-dinh-moi-thoi-dai-20250712010450691.htm
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