Bitcoin sets another record above $113,000
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On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June. Thanks to the firm successfully running the Phase 1 infrastructure at the new 100 megawatt (MW) facility in Yguazú, Paraguay, HIVE mined 164 Bitcoin in June. In contrast, the firm mined 139 Bitcoin in May.
As MUTUM Finance continues to make waves in the DeFi space, its MUTM presale phase 5 has drawn considerable attention with a 20% price bump. This surge is fueled by a strategic MUTM giveaway campaign aimed at expanding the project’s visibility and community engagement.
Bitcoin Depot posted strong Q1 results, flipping to positive net income and expanding gross margins to 20.2%. Click here to find out why BTM is a Hold.
Bitcoin is flying again, setting a fresh record above $112,000 after President Trump urged the Fed to again lower interest rates.
Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.
MARA Holdings (NASDAQ: MARA) stock was surging about 11% higher on Wednesday and there is good reason to suspect that the rally could continue for the Bitcoin miner. The catalyst on Wednesday was a production update and outlook the company posted.
Bitcoin broke through its previous day’s record as investors continued piling into risk assets and liquidated short positions.
Research head of research Markus Thielen points out three factors that may push Bitcoin’s price to new highs by the end of July.
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Cryptopolitan on MSNBitcoin touches $120,000 for the first time ever, dips back to $118KBitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon.