Key Points
- On July 14, Bitcoin reached a new ATH amidst market optimism and continued institutional support.
- On this date, Binance crypto exchange celebrates the 8th anniversary of BNB.
Bitcoin reached a new ATH on July 14, hitting prices above $123,000. Bitcoin's price is supported by rising global adoption, continued institutional interest, and optimism in the crypto industry.
Today is an important day not only for Bitcoin but for the biggest crypto exchange in the world as well. Binance celebrates BNB's 8th anniversary, marking an important milestone for the entire ecosystem.
Bitcoin Reaches a New ATH Above $123,000
At the moment of writing this article, BTC is trading above $123,000, marking its new ATH. BTC is up by more than 4% in the past 24 hours.
In the past week, BTC debuted an ascendant trajectory from $107,000 levels, reaching one ATH after another. The bullish price trajectory of BTC is supported by multiple factors, including its rising global adoption, continued inflows in BTC ETFs, and an overall optimism flooding the crypto market.
The US-based BTC ETFs recorded 7 consecutive days of inflows since July 2, with the biggest inflow day being July 19 at $1.18 billion, followed by July 11 at $1.03 billion.
As of July 11, BTC ETFs recorded total net assets above $150 billion, and the cumulative net inflow in the crypto products was over $52.3 billion, according to data from SoSoValue.
Besides institutional support and continued accumulation by BTC-centric companies, BTC's price is also boosted by market optimism.
Binance's CZ Highlights BTC's New ATH
Binance's founder, CZ, shared a message on X, highlighting BTC's new ATH. He mentioned that after he first bought BTC in 2014, it took three years for the digital asset to reach an ATH at $1,000 in 2017. Now, that price represents just a small fraction (less than 1%), of today's BTC price.
Today, July 14, also marks Binance's token BNB's 8th anniversary, signaling an important milestone for the entire crypto industry.
Binance Celebrates BNB's 8th Anniversary
On July 14, CZ also noted that BNB started trading 8 years ago today, and its price was $0.06. Today, BNB trades over $706, marking a surge of more than 11,700x.
July 14 is an important day for both Bitcoin and Binance, mirroring a successful path paved with strong conviction and resilience for the digital asset and the biggest crypto exchange in the world.
During the past 8 years, Binance managed to overcome all obstacles, surpassing 280 million registered users.
The crypto industry is looking forward to the future with optimism, amidst important achievements in the ecosystem.
