TechFlow, July 11 — According to Jinshi Data, Tickmill Group analyst Patrick Munnelly said in a report that Bitcoin has risen to a new all-time high, driven by institutional investor interest and supportive measures from President Trump. He stated, "The recent surge in Bitcoin’s value is being fueled by continuous buying from institutional investors, who are snapping up available supply, leading to steadily declining liquidity on trading platforms." Additionally, Trump has ordered the establishment of a Bitcoin strategic reserve, while the U.S. Senate passed a bill last month providing a regulatory framework for stablecoins.
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