#StrategyBTCPurchase Bitcoin Surges to $109K, Just 3% from All-Time High
On July 2, Bitcoin jumped nearly $2,900, hitting\$109,700 before easing slightly to $109,600 fueled by a spike in trading volume to \$52.6BThe rally puts BTC within 3% of its May ATH of $111,970
Driving the move: rising ETF inflows, institutional demand (245K BTC bought in Q2), and bullish forecasts—Standard Chartered sees $135K by Q3, \$200K by year-end.
Altcoin ETFs like the REX-Osprey Solana + Staking ETFalso gained traction, boosting confidence in the space.
Adding fuel, Trump’s new Vietnam trade deal lifted U.S. markets and risk assets, helping Bitcoin rise alongside tech stocks.