Bitcoin Sets Multiple ATH Price Records Bitcoin h

• Bitcoin Sets Multiple ATH Price Records

Bitcoin has officially surpassed its May’s ATH target of $111k over the three major rallies within this week. On July 9, Bitcoin briefly surged past the $112k mark, driven by the Fed’s potential interest rate cuts.

However, the rally did not just halt there; instead, it continued, and BTC price hit $113k on July 10 before setting the current ATH of $118.7k on July 11. Interestingly, the Ethereum price also climbed along with Bitcoin.

On July 11, ETH also surpassed the $3k mark. Other altcoin prices also surged, catering to the increasing speculations around Altcoin Season in July.

• Crypto ETF Milestones

July 7 crypto market highlight puts a focus on the SEC’s 13-page guidance document issuance, which clarifies the disclosure rules for crypto ETFs. These rules streamline the approval and speed up the process by 75 days.

In addition to that, the Bitcoin ETF inflows reached  $2.4 billion this week, whereas the Ethereum ETF inflows hit $900 million.