$BTC Bitcoin Breakthrough: BTC surged sharply, easily surpassing key resistance levels. Once it crossed $110,000, a wave of stop-losses was triggered, adding more fuel to the rally.
Soft Fed Policy: Recent comments from the U.S. Federal Reserve suggested that they may slow down interest rate hikes.
Regulatory Update: The upcoming CLARITY Act (July 14) is expected to provide clearer rules for digital assets, giving major investors a reason to enter this space.
High Leverage: Many traders used large amounts of borrowed funds (leverage). When BTC rose, their losses