PANews reported on July 14 that according to Jinshi, Tickmill analyst Patrick Munnelly said in a report that Bitcoin broke through $120,000 for the first time, and its upward momentumPANews reported on July 14 that according to Jinshi, Tickmill analyst Patrick Munnelly said in a report that Bitcoin broke through $120,000 for the first time, and its upward momentum

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

2025/07/14 17:30

PANews reported on July 14 that according to Jinshi, Tickmill analyst Patrick Munnelly said in a report that Bitcoin broke through $120,000 for the first time, and its upward momentum came from the growing confidence of investors after the cryptocurrency moved out of the recent narrow trading range. He said that the previous trading range had raised questions about whether Bitcoin could regain its strong upward momentum earlier this year. The uncertainty of Trump's political and economic policies has suppressed the market's enthusiasm for Bitcoin investment, keeping it in this range. Now, as other risky assets such as stocks have hit record highs, Bitcoin has also resumed its upward trajectory, rekindling market enthusiasm.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Will XRP Price Increase In September 2025?

Will XRP Price Increase In September 2025?

Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00
Korean lawmaker calls for institutionalization of stablecoins

Korean lawmaker calls for institutionalization of stablecoins

The post Korean lawmaker calls for institutionalization of stablecoins appeared on BitcoinEthereumNews.com. A South Korean lawmaker has urged the country to swiftly
Share
BitcoinEthereumNews2025/12/20 16:24
Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

The post Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council appeared on BitcoinEthereumNews.com. Michael Saylor and a group of crypto executives met in Washington, D.C. yesterday to push for the Strategic Bitcoin Reserve Bill (the BITCOIN Act), which would see the U.S. acquire up to 1M $BTC over five years. With Bitcoin being positioned yet again as a cornerstone of national monetary policy, many investors are turning their eyes to projects that lean into this narrative – altcoins, meme coins, and presales that could ride on the same wave. Read on for three of the best crypto projects that seem especially well‐suited to benefit from this macro shift:  Bitcoin Hyper, Best Wallet Token, and Remittix. These projects stand out for having a strong use case and high adoption potential, especially given the push for a U.S. Bitcoin reserve.   Why the Bitcoin Reserve Bill Matters for Crypto Markets The strategic Bitcoin Reserve Bill could mark a turning point for the U.S. approach to digital assets. The proposal would see America build a long-term Bitcoin reserve by acquiring up to one million $BTC over five years. To make this happen, lawmakers are exploring creative funding methods such as revaluing old gold certificates. The plan also leans on confiscated Bitcoin already held by the government, worth an estimated $15–20B. This isn’t just a headline for policy wonks. It signals that Bitcoin is moving from the margins into the core of financial strategy. Industry figures like Michael Saylor, Senator Cynthia Lummis, and Marathon Digital’s Fred Thiel are all backing the bill. They see Bitcoin not just as an investment, but as a hedge against systemic risks. For the wider crypto market, this opens the door for projects tied to Bitcoin and the infrastructure that supports it. 1. Bitcoin Hyper ($HYPER) – Turning Bitcoin Into More Than Just Digital Gold The U.S. may soon treat Bitcoin as…
Share
BitcoinEthereumNews2025/09/18 00:27