Bitcoin set a new all-time high above $117,000 Friday, propelled by institutional inflows and positive sentiment—though next week’s CPI release could challenge momentum.
BTC rose 5.5% to $117,176, while ETH gained 7.3% to $2,981.
“Strong institutional demand suggests a bull run is forming,” said BTSE’s Jeff Mei.
However, Kronos Research’s Vincent Liu warned that July 15 CPI data could trigger profit-taking if macro uncertainty resurfaces.
Spot Bitcoin ETFs saw $1.18B in inflows Thursday, reinforcing institutional interest—but whether the rally holds may depend on next week’s economic signals.
