Why is Bitcoin rise today? star-news.press/wp

As the Crypto Week week approaches ever and merchants are running to a group of axial industry legislation, Bitcoin is in its own gathering. The largest encrypted currency depends on the market value is the highest new level ever (ATH) amid increasing Trump tariff, impressive ETF numbers, and heavy accumulation of Bitcoin Treasury companies.

Bitcoin climbs to $ 119,000 in an increase on Sunday

Data from Coinmarketcap indicates an increase in the price of the largest encrypted currency during the last day. According to the data, a new Bitcoin ATH set a new $ 119292 on Sunday, and gained nearly 3 % on 24 -hour graphics.

While Bitcoin’s increase came amid a decline in daily trading sizes, Top Crypto continues to courageously whispers to correct a possibility for trading over $ 119,000. On the seven -day graph, Bitcoin increased by 9.65 %, while the monthly graph confirms price increases by 13.28 %.

With the high price of Bitcoin, other cryptocurrencies were stopped in their gathering to make great gains. Coinmarketcap data Ethereum reveals a sign of $ 3000 while Cardano and XRP have made 6 % gains within 24 hours.

Michael Silor’s hint runs for a higher encryption

Bitcoin price increased within hours of Michael Saylor and a flash signal for the largest encrypted currency. Silor alluded to buy Bitcoin a contained strategy after sharing a scheme depicting the company’s BTC purchases.

The sign comes after a sudden stop in a 12 -week purchase of a strategy. Moreover, the amazing appetite by the Bitcoin Treasury companies during the past week also works to feed the assassin. Experts are looking for the effects of Trump’s tariffs on prices because the uncertainty in the renewed macroeconomic economy leads to new flows to the upper encrypted currency.

The encryption week and economic data are played as major roles

The House of Representatives for Financial Services, headed by French MP Hill, reached 14-18 July as Crypto Week. In the coming days, the House of Representatives will deliberate the major cryptocurrency legislation, including the law of genius, the law of clarity, and the CBDC anti -monitoring law.

Optimism contributed to the approval of the bills in the Bitcoin gathering on the eve of the beginning of the 2025 encryption week. Moreover, the economic data received before the FOMC meeting in July plays a role in increasing asset prices. Moreover, speculation of reducing the Federal Reserve in the coming months grants bitcoin gathering.

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Alio Bokima

Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

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