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    • Reviewed by: Sohrab Khawas
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      Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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    Why Bitcoin Price Is Up Today?

    • currency-symbol BTC $ 110,930.27 (1.71%) top gainer
    Story Highlights
    • Bitcoin hits fresh all-time high of $112,000, now bigger than Alphabet Inc. in market cap.

    • Ripple CEO pushes CLARITY Act; all Senators finally agree crypto rules are urgently needed.

    • Meanwhile, Bitcoin ETFs attract $215 million net inflows in one day, signaling strong institutional buying.

    • Over 114,500 traders liquidated recently, adding risk and fueling Bitcoin’s fast upward price movement.

    Bitcoin has officially done it again, breaking past $112,000 and hitting a new all-time high. After a shaky few weeks, the world’s largest cryptocurrency is now not only soaring in price but has also overtaken Alphabet Inc. in market value. 

    With a $2.213 trillion market cap, Bitcoin is once again the talk of Wall Street and the crypto world alike.

    But what’s pushing this rally? Let’s break it down.

    US Lawmakers Finally Talk Crypto Clarity

    One of the biggest drivers behind Bitcoin’s rise is growing support from US policymakers. Ripple CEO Brad Garlinghouse recently testified before Congress in support of the CLARITY Act, legislation that aims to bring clear rules to the crypto industry. 

    For the first time, all Senators on the panel agreed that crypto is here to stay and needs regulatory clarity. This kind of shift in tone is giving investors fresh hope that the US might finally embrace crypto innovation.

    Trump’s Big Moves Add Fuel

    Adding more excitement to the mix, President Donald Trump is pushing for a huge 300 basis point rate cut, the largest in U.S. history. Lower interest rates often push investors toward high-growth assets like Bitcoin, and this move could drive even more capital into crypto markets.

    Weak Dollar = Strong Bitcoin

    Another key factor is that the U.S. dollar is losing steam. The Dollar Index (DXY) is trading far below its 200-day average, a level not seen in over two decades. A weaker dollar often encourages investors to move money into alternative assets like Bitcoin, and that’s exactly what we’re seeing now.

    Institutional Investors Keep Buying

    On July 9th, Bitcoin ETFs saw fresh net inflows of $215 million, making it five days in a row of steady new money coming in. BlackRock’s IBIT led the pack with $125.6 million, while Ark Investment added $57 million and Grayscale brought in another $15.8 million.

    Liquidations Create Risk and Reward

    In the past 24 hours, over 114,500 traders were liquidated, with total losses hitting $515 million. The biggest single liquidation was a $51.5 million BTC-USDT order on HTX.

    Most of the liquidations came from short-term traders, losing about $451 million, while long-term holders lost around $64 million.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    How much will 1 Bitcoin cost in 2025?

    As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

    How much will 1 Bitcoin be worth in 2030?

    With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

    How much will the price of Bitcoin be in 2040?

    As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

    How high will Bitcoin go in 2050?

    By 2050, a single BTC price could go as high as $377,949,106.84

    Show More

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