Tana, good to have you here. I mean, I guess Bitcoin doesn't always need a specific driver to make new highs, but what's behind this move. I mean, I really think it got a boost from the tech rally that we saw on Wednesday.I think that pushed it to that $110,000 level that's been so difficult for it to push past this year. That of course triggered this huge wave of, you know, short liquidations that just kind of sent the price higher and higher um for the rest of the week. And then of course yesterday uh the ...

Bitcoin is hitting a new record this morning. It could be the start of a longer bull run. CNBC's Tana Mackil is looking into that and joins us now.Hi Tana. Hi Contessa. Yeah, just flying through those records.Investors did expect this in the second half given the institutional demand and regulatory tailwinds we've seen in my conversations. It's hard for many to identify downside risk. And historically July and the fourth quarter are very strong periods for Bitcoin.So this started after the Fed minutes Wedne ...

what is going on. I think it's also kind of interesting. We're seeing Bitcoin hit new records and the dollar actually kind of reversing its pattern all year long and the dollar moving higher at the same time.I don't think that normally happens, does it. They are each other's inverse. What is interesting about this Bitcoin rally is it is not like the blip that we saw on May 22nd when it hit its um previous all-time high.Uh this one looks like it does have a lot of staying power. It began in the middle of the ...