On July 14, Bitcoin broke the $120,000 mark for the first time in history, which is 30% higher than in December 2024. About this informs Bloomberg.
On Monday, July 14, the Bitcoin rate reached $121,344. Along with this, other cryptocurrencies also rose in price: Ether rose by 1.5%, XRP and Solana – by about 2.7%. BTC Markets analyst Rachel Lucas believes Bitcoin could rise to $125,000. Investors’ optimism about the cryptocurrency has increased following Donald Trump’s victory in the US presidential election, as well as strong demand from exchange-traded funds (ETFs).
“Bitcoin is increasingly seen as a hedge against macroeconomic risks and a structurally scarce asset. This shift is indicative of a shift in view of Bitcoin – not just as a speculative asset, but as a macrohedge and structurally scarce store of value.”, – noted XBTO Trading senior trader George Mandres.
He said the current rally, fueled by institutional ETF investment and positive market conditions, shows stability without the wild swings that previously characterized previous bull cycles.
Bitcoin’s rise comes amid expectations of an easing of monetary policy by the Federal Reserve, including possible interest rate cuts, and the approval of spot ETFs by the U.S. Securities and Exchange Commission (SEC), which has given institutional investors greater access to the asset.
At the same time, experts warn of possible corrections in the market due to geopolitical tensions or negative macroeconomic signals — in particular, the expected publication of the consumer price index in the US on July 15.
