$BTC **Bitcoin Hits Record High Above $112,000 Amid Institutional Surge**

Bitcoin (BTC) soared to a historic all-time high (ATH) of **$112,000** on July 9, 2025, fueled by institutional demand, macroeconomic tailwinds, and bullish technical indicators . The rally marks an **18% year-to-date gain**, with BTC’s market capitalization surpassing **$2.2 trillion** as institutional investors pour into spot Bitcoin ETFs and corporate treasuries .

### **Key Drivers of the Rally**

1. **Institutional Adoption**: Trump Media & Technology Group plans a multi-crypto ETF, while firms like MicroStrategy continue accumulating BTC, reinforcing its role as a treasury asset .

2. **Macroeconomic Factors**: A weakening U.S. dollar and expectations of Fed rate cuts have boosted risk appetite, with Bitcoin decoupling from equities on some days to trade as a "digital gold" hedge .

3. **Technical and On-Chain Signals**:

- The **MVRV Z-Score (2.4)** suggests BTC is far from over