Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon. That’s a solid 5% jump in less than 24 hours, fueled mostly by a flood of cash into Bitcoin ETFs,

With a global footprint in Canada, Sweden, and Paraguay, HIVE Digital Technologies (Nasdaq: HIVE) is one of the world's most prominent Bitcoin mining firms. On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June.

Is Bitcoin's rally the real deal or just another short-lived spike? Find out what's powering the world's biggest crypto higher right now.

According to the live chart, the monthly average for inflows was 5.39k BTC, and the daily average was at 3.19k BTC. Usually, inflows represent an intent to sell. The low inflows to the largest exchange indicated unwillingness to sell Bitcoin, pointing towards strong holder conviction.

Bitcoin is flying again, setting a fresh record above $112,000 after President Trump urged the Fed to again lower interest rates.

Riot Platforms saw its share prices increase by 5.79 percent on Wednesday to close at $12.24 apiece following an investment firm’s bullish recommendation for its stock, while tracking the all-time

Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.

Bitcoin broke through its previous day’s record as investors continued piling into risk assets and liquidated short positions.

Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon.

Research head of research Markus Thielen points out three factors that may push Bitcoin’s price to new highs by the end of July.