Analyst: Strong Buyer Confidence Drives Bitcoin to New Heights

BlockBeats News, July 11th, Financial website Forexlive analyst Justin Low said that as the European trading session approached, Bitcoin continued its upward momentum, reaching a historical high of $118,000. Although there was no significant driving news, market demand for the cryptocurrency remained strong. Since the beginning of the year, funds have continued to shift from the US dollar, undoubtedly increasing the focus on portfolio diversification. (FXStreet)