#BTCBreaksATH 🚀 Bitcoin breaks its all-time high

Bitcoin (BTC) has just broken its previous all-time high, surpassing $112,000 USD and reaching levels of up to $116,483 USD in the last few hours.

🔍 What is driving this surge?

1. Massive institutional inflows: Large funds like BlackRock (IBIT) have injected billions into spot Bitcoin ETFs. Just on July 10, more than $1.2 billion USD was invested.

2. Favorable policy in the U.S.: The current U.S. administration is pushing pro-crypto regulations and proposing strategic Bitcoin reserves, which boosts market confidence.

3. Expectations of rate cuts: The Federal Reserve may lower interest rates, weakening the dollar and strengthening assets like BTC.

4. Short liquidations: Over $300 million in short positions were liquidated during the breakout, further accelerating the surge.