Bitcoin flies to the highest level ever, as it tops $ 118,000 while institutions accumulate in traded investment funds star-news.press/wp

Bitcoin She extended her gathering on Friday, as she rose to new records overnight after Bitcoin’s investment funds circulated in Bitcoin the largest day in the year’s flows.

The price of the leading cryptocurrency was 3 % higher at 117,297.10 dollars, according to currency standards. Earlier, it rose to 118,872.85 dollars. ether About 6 % rose to $ 2,976.90. Earlier, it crossed the level of $ 3000 for the first time since February.

The stocks were linked to the price of bitcoin of their highest levels. Naqi mining workers play Mara Holdings and Riot control platforms Earn 2.5 % and 1.5 %, respectively. Bitcoin agent Microstrategy Earn nearly 3 %. circle Crypting trading providers Coinbaseand Robinhood and etoro It did not change a little.

On Thursday, Bitcoin’s investment funds recorded the largest day of flows of 2025 at $ 1.18 billion. Eter ETFS recorded the second largest day of flows ever at $ 383.1 million, according to Sosovalue.

The gathering began slowly on Wednesday, after the last lecturer of the Federal Reserve, which showed a difference between officials about their desire to reduce interest rates. Bitcoin, who also helped him a march in technology shares, was eventually launched and reached its first new record since May 22.

“This is when we started to really get the top scope,” said Marcus Thyin, CEO of 10x Research. “It is expected that the one who comes to lead the Federal Reserve after that will be Duofish. We also know that providing a budget deficit has been pushed under the carpet,” adding a gem to the “Law of the Great Beautiful Law”, which is expected to increase the federal deficit – which can be a positive catalyst for bitcoin.

This week’s step raised the highest wave of short qualifiers. During the past 24 hours, Bitcoin has seen more than $ 650 million in short qualifiers and raised more than $ 215 million. When traders use the leverage of the short bitcoin and the high prices of cryptocurrency, they buy Bitcoin from the market to close their locations, which raises the price and leads to the liquidation of more situations.

The Federal Reserve Independence was the subject of institutions dating back to April 17. Since then, flows have grown to nearly $ 16 billion.

Investors expect Bitcoin to reach new records in the second half of the year, as companies bonds accelerate Bitcoin to buy Sprees and Congress is close to passing encryption legislation. It will take a Macro event to strike Bitcoin or its suppression, according to Thieln.

“Powell may turn to the end of the month at the Federal Reserve meeting, and he will not do it,” Thillain said. “Therefore, we have to take the market in the short term simply because there are no real macro stimuli during the summer, and the stock investors usually only worship their risks in the summer.”

For a week, Bitcoin is on the right track to achieve approximately 10 % profit, while Ether increased by more than 20 %.