Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.

Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon.

Bitcoin is flying again, setting a fresh record above $112,000 after President Trump urged the Fed to again lower interest rates.

According to the live chart, the monthly average for inflows was 5.39k BTC, and the daily average was at 3.19k BTC. Usually, inflows represent an intent to sell. The low inflows to the largest exchange indicated unwillingness to sell Bitcoin, pointing towards strong holder conviction.

On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June. Thanks to the firm successfully running the Phase 1 infrastructure at the new 100 megawatt (MW) facility in Yguazú, Paraguay, HIVE mined 164 Bitcoin in June. In contrast, the firm mined 139 Bitcoin in May.

As Bitcoin (BTC) sparks fresh interest with a potential 30% rally fueled by whale accumulation, a quieter but more better coin is emerging in the crypto market this July, Mutuum Finance (MUTM). The token is now in presale,

Omni Network (OMNI), a lesser-known but increasingly influential digital asset, has surged over 174% in just 24 hours, outperforming Bitcoin.

More than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,