Bitcoin Hits an All-Time High of $118,000, Up 21% for 2025 (yahoo.com)
- Reference: 0178362366
- News link: https://slashdot.org/story/25/07/12/1550205/bitcoin-hits-an-all-time-high-of-118000-up-21-for-2025
- Source link: https://finance.yahoo.com/news/bitcoin-surges-to-new-highs-above-118000-as-investors-go-risk-on-182648233.html
> Year to date, the token is up roughly 21%, buoyed in part by crypto-friendly policies from the Trump administration, including the establishment of a strategic bitcoin reserve and a broader digital asset stockpile... "At the heart of this rally lies sustained structural inflows from institutional players," wrote Dilin Wu, research strategist at Pepperstone. "Corporates are also ramping up participation," he added. The analyst noted companies like Strategy and GameStop have continued to add bitcoin to their balance sheets. Trump Media & Technology Group this week also filed for approval to launch a "Crypto Blue Chip ETF", which would include about 70% of its holdings in bitcoin.
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> The timing of bitcoin's breakout also comes days before Congress kicks off its highly anticipated "Crypto Week" on July 14. Lawmakers will debate a series of bills that could define the industry's regulatory framework... The GENIUS Act is among the regulations the House will consider. The bill, which recently passed through the Senate, proposes a federal framework for stablecoins.
"After jumping above $118,000 on Thursday, technical analyst Katie Stockton, founder and managing partner of research firm Fairlead Strategies, [2]believes bitcoin is on track to reach $134,500, about 14% higher than current levels ," writes Business Insider .
> It's not just bitcoin that's jumped this week. Other cryptos are surging as well. Ethereum has rallied over 16% in the past five days, and as DOGE rose 8% in the last day alone... Additionally, over $1 billion in short positions were liquidated in the last 24 hours as the price of bitcoin surged and traders were forced to close their positions, [said Thomas Perfumo, global economist at crypto Kraken].
[1] https://finance.yahoo.com/news/bitcoin-surges-to-new-highs-above-118000-as-investors-go-risk-on-182648233.html
[2] https://www.businessinsider.com/bitcoin-price-all-time-highs-rally-momentum-ethereum-crypto-doge-2025-7
Time to sell (Score:3)
Aw shiet you know it’s time to sell when /. starts giving it coverage. Dump on the heads of fomo n00bs. Correction incoming.
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It’s because orange jesus announced new tariffs on the weekend. He does this all the time so his cronies can sell off before the market dips on Monday. Then a month later it’s TACO all over again.
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The market doesn't even react when he says tariffs. Did the first time, then started ignoring him once he walked it back.
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yes, it's time to sell any dollars you have. the tricky question is in exchange of what ... i'm not really sure bitcoin is the best bet, but it is as bad as anything that comes to mind. some say gold and silver ... not sure of that either. diversifying would be the logical move, or maybe investing in start prepping. our overlords are about to fuck over the part of our world that has run its course, which is mainly the whole world for most slashdotters.
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If you look at the BTC exchange rates, BTC/USD goes up as USD/EUR goes down. In fact BTC/EUR hasn't moved up a lot since last November. What you see here is not BTC rising, but USD falling, and I see no reason, that this trend would stop any time soon. By selling your USD for BTC you would likely at least maintain your purchasing power.
People were giving them away (Score:2)
Just run your graphics card for a few hours and you had them, this was true as recently as 2013. You are greater fool for still trading bitcoin in 2025.
It's DeFi! (Score:2)
Meaning that this price is absolutely artificial and means nothing.
Re:It's DeFi! (Score:4, Insightful)
It means a lot to anyone in holding Bitcoin. I'm guessing it means nothing to you because you don't have any.
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oh, so just like any other fiat currency?
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It's a price point at which BTC can be (and constantly is, the markets are very liquid and have considerable volume) bought and sold. You can scream "but it's not backed by anything!!!" all day long, until I exchange some satoshis for USD and wave them in your face.
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Do you have ANY examples of somebody exchanging more than about 1 bitcoin for anything other than other cryptocurrency?
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If you go on a crypto exchange, you see trading pairs, e.g. BTC/USD, BTC/EUR and so on. You also see order books and trading volume.
I kindly assume you never heard of any of this and asked this question in earnest.
PS: last time I shaved I saw someone who would fit your description.
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Sorry I guess I'm going to have to ask a more specific question. Do you have an example of anybody owning a few million $ in bitcoin *exchanging ALL of it* for something that is not Bitcoin or another cryptocurrency or crypto asset. The fact that you can exchange a small amount of bitcoin for the equivalent amount of dollars does not prove anything.
There are examples of people exchanging their entire hold of hundreds of millions in gold or stocks, without the value of those commodities crashing. Would like
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I read a finance forum, and someone posted there asking how to invest their $50 million of Bitcoin, that they were getting out. Apparently they did sell the bitcoin, reserved some of the proceeds for taxes (they hired a CPA), and used the rest to buy an S&P 500 index fund. The messages and followups seemed realistic. They were detailed enough and went on for long enough, that it seemed like more effort and played more straight than someone posting for laughs.
My brother's friend was really into crypto
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I bought my house with BTC.
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Bitcoin has no defi features.
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Indeed. Bitcoin and other crapto are not even "finance", so they are even _less_ regulated than DeFi.
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Yep. As soon as more than a few try to sell, it will crash. And even if you sell right now, you will get significantly less than this number. If you find a buyer at all, that is.
The current administration is propping it up (Score:3)
And Has completely stopped all law enforcement around cryptocurrency.
So yeah you're going to have a bubble. Nasty one. And pretty soon cryptocurrency will get integrated directly into the economy and Wall Street. You will eventually see the same kind of nasty little finance products that cause to 2008 market crash only backed by imaginary funny money instead of houses.
When that happens the resulting crash is going to make 2008 look like the good times of the .com bubble.
I know nobody believes this but mark my words in 4 years half of you will have lost your houses. Six if you're lucky.
Heck eventually Trump will get those 200% tariffs on medicine through and the the cost of keeping you alive it will double. I know damn well you're being kept alive with pills because all us old farts are. Statins and blood thinners. And I know that you're thinking well I take a generic. I guarantee you somebody else is already thinking that and working on getting more money out of the stuff that keeps you alive.
We have 2,000 people trying to be the first trillionaire in this country. The only way they can do that is by taking your property.
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> We have 2,000 people trying to be the first trillionaire in this country. The only way they can do that is by taking your property.
Shit. Man, my property isn't worth anything even CLOSE to $1T.
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Are you being willfully obtuse? They won't just stop at your property. These people are criminals. They use their power to conceal their crimes, murder anyone involved and destroy evidence. trump will attempt to steal anything that isn't nailed down.
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Damn dude. Have no absolutely no sense of humor at all?
Re: The current administration is propping it up (Score:1)
A president that molests children is not funny, dude.
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Why do you support child molestors like trump that take office and use their power to cover it up?
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Holy shit dude. Seek therapy.
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> And Has completely stopped all law enforcement around cryptocurrency.
> So yeah you're going to have a bubble. Nasty one. And pretty soon cryptocurrency will get integrated directly into the economy and Wall Street.
This is not some Nostradamus like prediction, it's a mere statement of things already happening. Every larger financial institution of the US has issued Bitcoin ETFs or similar products, you can buy stocks of companies engaging in crypto mining or which just hold cryptos. What you describe as harbinger of a pending catastrophe has already happened and it's clearly not a catastrophe.
> You will eventually see the same kind of nasty little finance products that cause to 2008 market crash only backed by imaginary funny money instead of houses.
> When that happens the resulting crash is going to make 2008 look like the good times of the .com bubble.
> I know nobody believes this but mark my words in 4 years half of you will have lost your houses. Six if you're lucky.
I've been reading crypto currency related comments for many years now on Slashdot, and they all pretty much sound like your com
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Bitcoin does suck, but there's enough demand for a stable money supply that people keep buying it.
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If they're buying BTC for stability, they're not shopping too hard.
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> What you describe as harbinger of a pending catastrophe has already happened and it's clearly not a catastrophe.
You could have said the same thing about subprime mortgages in 2007. Or Enron in 1999. Or the stock market in 1928. Or the...
Everything's fine, until it's not.
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Indeed. You cannot even get to be a billionaire with honest work, no matter how smart and lucky you are. At those heights, it is always done by taking it away from somebody else.
Drumpt crypto scam (Score:2)
Recent reports indicate that el presidenta's current increase in wealth comes from crypto [1]https://www.cbsnews.com/news/t... [cbsnews.com]
[1] https://www.cbsnews.com/news/trump-family-net-worth-crypto-investments/
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What you mean it wasn't the Trump watch making him all that money?
All time high (Score:2)
So there will be no better point for selling, if we reached the all time high?
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If the all-time high is reached, selling will become impossible. Remember this is "greater fool" speculation and as soon as the fools run out the price drops to zero. Essentially the whole crapto idea is a complex take on the pyramid scheme.
Also up... gold and silver... (Score:1)
To me Bitcoin long term is still kind of iffy, but if you want something ELSE to help you escape the traditional monetary system, there is gold and silver which are also up quite a but for the year, even the past year, and moving higher.
You can also get crypto backed by gold or silver as well if you want an electronic form. Just make sure you get a form actually backed by real metals in vaults.
No surprise with USD inflation (Score:2)
It's easy to keep making new highs when the value of USD itself is in a free fall. Look at USD vs. EUR charts, for example.
I wish (Score:3)
I wish I had bought some in 2009, instead of buying a pool hall.
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I have 76 BTC in a TrueCrypt volume I can't get into.
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Damn! I heard a similar story where some teen was able to crack someone's USB bitcoin vault after the guy lost the password. From there, I think the USB vault was an older version with an known exploit so he used that. I don't know whether you'll be able to crack yours but I wish you the best.
Re: I wish (Score:2)
Start a brute force attempt on it now and maybe you'll get it open in time to make your grandkids rich.
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But think of all the fun times you’ve had playing pool.
Re: I wish (Score:4, Funny)
This. I enjoyed the $15,000 gram of weed and 8ball of coke I bought in my 20s.