Bitcoin, All Time High
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Bitcoin's bull run continues. The cryptocurrency rose as high as $118,739.86 on Friday, according to CoinDesk data, notching a new intraday high for a third straight day. Bitcoin recently stood a little lower,
Is Bitcoin's rally the real deal or just another short-lived spike? Find out what's powering the world's biggest crypto higher right now.
Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.
Bitcoin hit a new all-time high on Thursday, alongside the Nasdaq Composite and tech giant Nvidia. The oldest and largest cryptocurrency traded as high as $113,853.97, a day after breaking its previous record set in May,
As of today, IBIT sits at $83 billion and holds over 706,000 BTC, making it the 21st largest ETF in the US market. Two days ago, IBIT also closed at a new all time high of $63.58, reflecting a massive demand for Bitcoin.
Fueled by Bitcoin's rally to $116,586.84, MicroStrategy climbs to the 92nd largest U.S. company and inches closer to S&P 500 inclusion.
Bitcoin just topped $65,000 for the first time since Nov. 2021 as institutional support builds for the cryptocurrency.