#BTCReclaims110K 🚀 *Bitcoin Reclaims $110K: A New Milestone* 📈

Bitcoin's price has surged past $110,000, marking a significant milestone and a new all-time high. This achievement comes after a 3.6% price jump on Wednesday, driven by increased global money supply and institutional interest.

*Key Factors:*

- *Global Money Supply*: The global money supply (M2) has reached a new high above $55 trillion, contributing to Bitcoin's price surge.

- *Institutional Interest*: Standard Chartered forecasts a strong second half of the year, with Bitcoin potentially reaching $200,000 by year-end.

- *ETF Inflows*: US Bitcoin ETFs recorded $407.8 million in inflows, further solidifying Bitcoin's position.¹ ²

*Market Reaction:*

- *Liquidations*: Total liquidations near $300 million, with a 32% increase in the past 24 hours.

- *Market Sentiment*: Professional traders show cautious sentiment, indicating uncertainty about the sustainability of the recent rally.³ ⁴

*What's Next:*

- *Volatility*: July may be volatile, with potential market swings due to Federal Reserve decisions and geopolitical events.

- *Price Targets*: Analysts predict Bitcoin could reach $117,000 or even $125,000-$135,000 in Q3, driven by continued ETF inflows and accumulation by major firms like Fidelity.⁵$XRP