Bitcoin Hits Record High Amid Macroeconomic Factors
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Bitcoin surged to a record high of $121,800 on Sunday, driven by macroeconomic factors and increased risk appetite. Analysts at QCP Capital cited Trump-era tariffs and strong US fiscal flows as key drivers. The rally is fueled by "just-in-case financing" due to anticipated tariffs and robust US economic growth despite inflation. Increased demand for $130,000 call options and substantial ETF inflows further suggest continued upward momentum.
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