{"id":47333,"date":"2025-07-11T08:12:20","date_gmt":"2025-07-11T08:12:20","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=47333"},"modified":"2025-07-11T08:15:28","modified_gmt":"2025-07-11T08:15:28","slug":"bitcoin-continues-to-grow-to-new-records-surpassing-the-118000-mark","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-continues-to-grow-to-new-records-surpassing-the-118000-mark\/","title":{"rendered":"Bitcoin continues to grow to new records, surpassing the $118,000 mark"},"content":{"rendered":"\n

The price of bitcoin continues to rise sharply today. At around 8:30 a.m. CEST, it climbed to another record high, gaining about seven percent in the last 24 hours and reaching over $118,000, according to data from the CoinDesk cryptocurrency exchange. The most famous cryptocurrency thus surpassed another thousand-dollar mark in just a few hours. Other cryptocurrencies are also strengthening significantly.<\/strong><\/p>\n\n\n\n

Bitcoin breaks records: It surpassed $118,400, and the market is experiencing euphoria<\/strong><\/h2>\n\n\n\n

Late Thursday evening, bitcoin was still selling for around $114,000. Since the beginning of the week, it has strengthened by about $10,000, which is approximately eight percent. Bitcoin has broken its record price since the beginning of the year several times. The market capitalization of all bitcoins is now almost $2.4 trillion, which is about 64 percent of the entire cryptocurrency market, according to CoinMarketCap.com<\/a>.<\/p>\n\n\n\n

“Bitcoin<\/a> has once again rewritten history by surpassing the $118,400 mark for the first time. It gained over six percent in 24 hours, continuing its previous records from May and July,” wrote Purple Trading analyst Petr Lajsek to \u010cTK. “The cryptocurrency market is experiencing euphoria, with its total market capitalization increasing by $160 billion in the last day alone. Bitcoin has the largest share in this, having already strengthened by more than 25 percent this year, showing that the bull market has received a new impetus\u2014and this time it is being driven by fundamentals,” he added.<\/p>\n\n\n\n

Ether is strengthening, bitcoin is soaring. Trump and investor interest are helping<\/strong><\/h2>\n\n\n\n

At the same time, the second-largest cryptocurrency<\/a>, ether, was up 7.5 percent, exceeding $3,000. However, ether is still far from its record highs, unlike bitcoin. Growing demand from institutional investors and the friendly policy of US President Donald Trump’s administration contributed to the rise in cryptocurrency prices, Reuters reported.<\/p>\n\n\n\n

The White House chief signed an executive order this year to establish a strategic reserve of cryptocurrencies. Trump<\/a> promised during his election campaign that he would support domestic bitcoin mining to make the United States a global center for this technology. Since Trump’s re-election in November, the price of bitcoin has risen by about 75 percent.<\/strong><\/p>\n\n\n\n

Source: Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of bitcoin continues to rise sharply today. At around 8:30 a.m. CEST, it climbed to another record high, gaining about seven percent in the last 24 hours and reaching over $118,000, according to data from the CoinDesk cryptocurrency exchange. The most famous cryptocurrency thus surpassed another thousand-dollar mark in just a few hours. […]<\/p>\n","protected":false},"author":2,"featured_media":47326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,93],"class_list":["post-47333","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t