Bitcoin hits new record high in one month: $123,667

Bitcoin (BTC) has surpassed its previous all-time high of $123,231, hitting a new all-time high for the first time since July 14th.
At 8:35 a.m. on the 14th, the Bitcoin price on Binance's benchmark reached $123,667 (approximately 18.12 million yen), a new all-time high.
The July Consumer Price Index (CPI) released the day before raised expectations for a September interest rate cut, which is thought to have led to a "rising rally" for Bitcoin along with the New York Stock Exchange.
The US Department of Labor announced on the 12th (local time) that the US Consumer Price Index (CPI) for July rose 2.7% compared to the same month last year. This is the same level as June (2.7%). The market is
The July US Producer Price Index (PPI) is also attracting attention. Institutional investors are continuing to buy Bitcoin and Ethereum spot exchange-traded funds (ETFs).
The uptrend was also impacted by the move. According to Pacide Investors, a total of $65.9 million in net inflows were seen into US Bitcoin spot ETFs on the 12th (local time).
The spot ETF recorded a net inflow of a whopping $523.9 million, marking the sixth consecutive trading day of net inflows.