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Bitcoin Breaks ATH Many Times on Institutional Buying
Bitcoin(BTC) broke new highs on Jul. 11 in a row due to institutional buying, and altcoins also soared due to Bitcoin's record breaking, creating a clear upward market atmosphere. Bitcoin broke through the previous high, recording $116,526 at 6:20 a.m. Since then, it has continued to rise and break new afternoon highs. At 3:30 p.m., Bitcoin hit 118,390 dollars, breaking a new high again. The reason is institutional buying. CryptoQuant, an on-chain analysis platform, reported in a report released on the 10th that individual investor buying in the central exchange(CE
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Major News Headlines for Today
1. Bitcoin Breaks New Report Again on Institutional Buying...Over $116,000 Bitcoin(BTC), which recorded a new high on the 10th, renewed its new high on the morning of Jul. 11 on institutional buying including exchange-traded funds(ETF). Bitcoin reached an all-time high of $116,526 at 6:20 a.m. on Jul. 11. Bitcoin's new high is believed to have been driven by institutional buying. CryptoQuant, an on-chain analysis platform, reported in a report published on the 10th that individual investor buying in the central exchange(CEX) reached its lowest le
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Bitcoin Holds Up After Morning Record High
Bitcoin(BTC) hit a new high on the morning of Jul. 10 as the U.S. Federal Reserve(Fed) predicted a rate cut in July. "Several participants have noted that they may consider lowering the policy rate target range at their next meeting if the data is consistent with their agreement," the Fed said in a release of minutes from the Federal Open Market Committee(FOMC) meeting on Wednesday. "Several participants noted that the current benchmark interest rate target may not be significantly higher than the neutral level," it said. As Bitcoin surged on e
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Major News Headlines for Today
1. Bitcoin Records ATH on U.S. Fed's Support for Rate Cut Bitcoin surged on Jul. 10 and broke a new high when the U.S. Federal Reserve announced the possibility of a rate cut in July through the announcement of the minutes of the Federal Open Market Committee(FOMC) meeting on Jul. 9. Bitcoin's surge led to the liquidation of the short-term short position of about $200 million in the futures market, contributing to the new report of Bitcoin. Bitcoin rose about 3% from the previous day to $112,055 at 4:55 a.m. 2. SBI Group "Cr
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Bitcoin Rides on Alert Ahead of Major Announcement
Cryptocurrency markets, including Bitcoin(BTC), took a wait-and-see stance on the 9th ahead of the announcement of the Federal Open Market Committee(FOMC) minutes and the U.S. Congressional vote announced next week. On Jul. 9 (local time), the U.S. Federal Reserve will announce the minutes of its FOMC meeting. As key Fed officials raised the possibility of a rate cut in July, attention was drawn to the results of the June FOMC meeting, creating tension in the market. The fact that three cryptocurrency regulations will be vot
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Major News Headlines for Today
1. U.S. Ethereum Spot ETF Sends Net Inflow For 8th Week in a Row Ethereum(ETH) spot exchange-traded funds(ETF) in the U.S. recorded net inflow for eight consecutive weeks. Glassnode, an on-chain analysis platform, said in a report published on Jul. 8 that Ethereum spot ETFs in the U.S. have been net inflow since mid-May, and about 61,000 Ethereum were net inflows last week. Glassnode explained that the net inflow of Ethereum spot ETFs is due to the demand from U.S. institutional investors. 2. Tether Saves 80 To
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Bitcoin Flips On One-Month Postponement Of U.S. Tariffs
When U.S. President Donald Trump suspended the application of mutual tariffs to 14 countries, including South Korea and Japan, for about a month, the cryptocurrency market, including Bitcoin(BTC), went sideways without falling on Jul. 8. President Trump sent a 'tariff letter' to 14 countries, including South Korea and Japan, stating 25-40% of mutual tariffs by countries, informing them that it would be imposed from August 1. This is a decision to suspend the grace period, which was announced on the 9th, for about another month. The asset market fluct
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Major News Headlines for Today
1. Ripple CEO Testify At U.S. Senate Banking Committee Hearing CEO Brad Garlinghouse of Ripple will attend a U.S. Senate Banking Committee hearing scheduled for Jul. 9 and testify to establish regulations on cryptocurrency in the U.S. The hearing calls for a clear definition of cryptocurrency in the U.S. and a classification of regulatory agencies. 2. U.S. SEC Asks to Revise Solana Spot ETF Application..."Approved at the End of July?" The U.S. Securities and Exchange Commission(SEC) has
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Bitcoin Goes Sideway Intraday After Morning Gains
The cryptocurrency market, including Bitcoin(BTC), continued to take a breather during the day after rising on the morning of Jul. 7. The cryptocurrency market rose in the morning on expectations of a U.S. trade deal. "A number of trade agreements will be signed soon ahead of the deadline," U.S. Treasury Secretary Scott Bessent told CNN on the 7th. "Some countries are hesitant, but we are looking forward to progress as the level of pressure increases." The end of the mutual tariff grace period announced by U.S. President Trump is on the 9th. T
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Major News Headlines for Today
1. Bitget Launches 'Zero Fees' Crypto Debit Mastercard Bitget, a cryptocurrency exchange, signed a cooperation with Mastercard and cryptocurrency payment infrastructure provider Emusbee to launch a commission-free cryptocurrency debit card on Jul. 5. According to Bitget's announcement, users can also use cryptocurrency payment functions on Apple Pay, Google Pay, Witchett Pay, and Ali Pay through Bitget Wallet registration. 2. Vitalik Buterin Proposes an Upgrade To Limit Ethereum Gas Cost Vitalik Buterin, founder of Ethereum,
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Bitcoin Slightly Slips On Profit-Making Sale
Bitcoin(BTC), which exceeded $110,000 on the afternoon of Jul. 4, fell slightly due to the sale of profit-taking. Bitcoin surpassed $110,000 in the late afternoon of the 3rd on the news of strong U.S. employment indicators and President Trump's budget passed the U.S. Congress. However, since then, profit-taking selling, especially altcoins, have returned the morning rebound intact. Altcoins recorded an average fall of more than 3% in the afternoon, including Bitcoin's fall to $108,000. ◇Bitcoin = Bitcoin price is $108,885 at 4:30 p.m. on Jul. 4, 2025. T
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Major News Headlines for Today
1. Cynthia Lummis Proposes Partial Exemption Of Crypto Taxes U.S. Senator Cynthia Lummis submitted a bill in the U.S. Senate on Jul. 3 that includes a small cryptocurrency transaction worth less than $300 and a tax reduction clause for cryptocurrency miners and staking investors. Senator Lummis said she proposed a cryptocurrency tax mask clause to develop the cryptocurrency industry and plans to submit the bill to the president before September. 2. JP Morgan "Stablecoin Short-Term Growth Won't Meet Expectations" In a report publishe