The world’s most famous cryptocurrency — Bitcoin — has once again surpassed economic boundaries. On July 13, it exceeded the $119,000 mark, setting a new all-time high.
According to Binance platform data, Bitcoin’s value reached $119,216. Although the price later declined slightly, it stabilized around $118,000, maintaining a strong trading range.
Over the past month, Bitcoin's overall growth rate has been 12.9%. Financial market analysts attribute this rise to several key factors.
Among them are statements by U.S. President Donald Trump supporting the crypto market, as well as increasing global interest in cryptocurrencies. Additionally, regulatory easing in some countries has had a positive effect on the market.
Interestingly, while Bitcoin continues to rise, many other cryptocurrencies — including Ethereum and Solana — have lost between 30% and 50% of their value since the beginning of the year.
Experts believe that Bitcoin’s sharp upward trend may continue for a while due to growing institutional demand and ongoing global macroeconomic uncertainty. Read 'Zamin' on Telegram!
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