Report: Bitcoin takes advantage of the recovery of risk assets and ends range fluctuations

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PANews
07-14
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PANews reported on July 14 that according to Jinshi, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin has broken through $120,000 for the first time, with its upward momentum driven by increasing investor confidence after the cryptocurrency emerged from its recent narrow trading range. He noted that the previous trading range had raised doubts about whether Bitcoin could regain the strong upward momentum seen earlier this year. The uncertainty surrounding Trump's political and economic policies suppressed market enthusiasm for Bitcoin, keeping it within that range. Now, with other risk assets like stocks reaching historical highs, Bitcoin has also resumed its upward trajectory, reigniting market excitement.

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