Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As bitcoin trades near $119,500, having just recently broken through another all-time high of $120,000, digital asset investment products are also breaking records for inflows – but there’s a regional disparity. According to CoinShares, U.S.-listed funds dominated with $3.74 billion in inflows, while Germany saw $85.7…
Tag: 119K
$BTC Breaks $119K, but $XLM and $HBAR Soar 22% and 27% as Top Percentage Gainers in Top 20
According to CryptoX Data price information, at 2:20 p.m. UTC on Sunday, the bitcoin price set a new all-time high of $119, 308, up 1.4% in the past 24-hour period. Bitcoin’s achievement was a little bit surprising because the crypto market was waiting for the U.S. stock market to open on Monday to discover the reaction to the 30% tariffs against imports from the EU and Mexico that Trump announced late Friday on Truth Social. Analysts expect the bitcoin price to reach as high as $250,000 by year-end. For example,…
Bitcoin Rocket Ship Blasts Past $119K as Bull Run Accelerates
On July 13, bitcoin ( BTC) continued its record-setting bull run, eclipsing an all-time high of just over $118,839 set two days earlier to breach the $119,000 mark. The cryptocurrency, buoyed by a wave of institutional and retail optimism, peaked at $119,444 at around 10:15 a.m. Eastern time before briefly retracing its gains to consolidate […] Original
Bitcoin Price Rebound To $119K Possible If History Repeats
Key takeaway: Bitcoin (BTC) is generally not regarded as a reliable investment during periods of geopolitical uncertainty, particularly when oil prices spike in response to escalating global tensions. However, historical data suggests that such moments often present compelling buying opportunities for traders prepared to capitalize on market dislocations. Oil spikes often align with sharp, temporary Bitcoin price corrections In the face of imminent conflict or instability, investors typically rotate into short-term government debt and cash, favoring safety over volatility. Nevertheless, Bitcoin has historically outperformed in the week following abrupt oil…