Bitcoin price surpasses $118,000
The world’s most famous cryptocurrency, Bitcoin, crossed the $118,000 mark early Friday morning, July 10th, and set a new record in the digital currency market with a price of $118,915.
Speculations about the broader acceptance of Bitcoin in international payments, increased demand from institutional investors, along with a global decrease in selling pressure, have been cited as the main reasons for this historic surge.
Technical and economic analysts believe that the current upward trend will continue, and some predict that Bitcoin could reach $140,000 by the end of the year.
On the other hand, Ethereum, the second-largest cryptocurrency in the market, has experienced a growth of more than 5% in the past 24 hours and has reached approximately $3,039.