#Bitcoin News Update 🟠
Bitcoin has surged past $118,000, setting a new all-time high as bullish momentum continues across the crypto market. The rally is being driven by renewed optimism around upcoming Fed rate cuts, strong ETF inflows, and reduced regulatory uncertainty. In the past 24 hours, over $1 billion in BTC short positions were liquidated, fueling even more upside pressure. Investors are now eyeing $130K as the next major resistance, with some analysts predicting Bitcoin could reach $200K–$300K by the end of the year if macro conditions remain favorable. Bitcoin dominance also remains strong, reinforcing its leading position in the market.