Bitcoin surges past $122,000 ahead of US “crypto week”

Bitcoin has had a further surge in recent days, ahead of the so-called “Crypto week” in the US which starts today, hitting $122,000 in Asian trading this morning.

Bitcoin has been on a fast-rising trajectory in recent weeks, passing $120,000 for the first time, as corporate investors raise the stakes, given the widely held view that the US administration is a crypto-friendly one, and ahead of the US “crypto week” that kicks off later today.

This morning (July 14) Bitcoin hit a further high of $122,000 in Asian trading. Investing.com attributed the surge in large part to the acquisition by Japanese hotelier Metaplant of 797 Bitcoins, bringing its holding to 16,352 coins, and cementing its…

Source link