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- Bitcoin hits a fresh all-time high above $120,000</p>
<p>Huileng Tan July 14, 2025 at 6:20 AM</p>
<p>Bitcoin hit a new record price.Umit Turhan Coskun/NurPhoto/Getty Images -</p>
<p>Bitcoin hits a record high of $120,000, continuing its upward trend.</p>
<p>The cryptocurrency has been on a winning streak, setting records for three consecutive days.</p>
<p>Bitcoin's value has surged 29% this year, reflecting growing investor interest and market momentum.</p>
<p>Bitcoin has breached another record level, hitting $120,000 for the first time.</p>
<p>On Monday, bitcoin was 2.7% higher at $120,990.05 at 12:35 a.m. ET.</p>
<p>The world's biggest cryptocurrency has been on a winning streak after hitting record highs for three days last week.</p>
<p>Bitcoin is now nearly 30% higher this year.</p>
<p>The cryptocurrency's blistering gains this year come on the back of support from President Donald Trump's administration. In May, Trump signed an executive order for a strategic bitcoin reserve and digital asset stockpile.</p>
<p>"Bitcoin's latest breakout appears to be the result of a structural rally driven by institutional flows, supported by a favorable macro backdrop and reinforced by a shift in regulatory sentiment," wrote Dilin Wu, a research strategist at Pepperstone, on Friday.</p>
<p>Wu cited institutional and corporate investors as key participants in this trend.</p>
<p>The surge in tech stocks fueling investor risk appetite is also boosting bitcoin, she added.</p>
<p>"In today's asset allocation landscape, bitcoin is no longer just a speculative instrument — it straddles the line between a digital hedge like gold and a growth asset like tech equities," Wu wrote.</p>
<p>on Business Insider</p>
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