🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Bitcoin first breaks 120,000 USD, investor confidence boost drives pump
On July 14, a certain analyst stated in a report that Bitcoin has first surpassed 120,000 USD, and its rise is fueled by the increasing investor confidence as Crypto Assets break out of the recent narrow trading range.
He stated that the previous trading range had raised doubts about whether Bitcoin could regain the strong pump momentum it had earlier this year. The uncertainty surrounding Trump's political and economic policies has suppressed market enthusiasm for investing in Bitcoin, keeping it within that range.
Today, as US stocks and other risk assets hit historical highs, Bitcoin has also reopened its pump trajectory, reigniting market enthusiasm.