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$BTC Bitcoin (BTC) recently reached a new all-time high of nearly $119,000, with a market capitalization close to $4 trillion. Following this surge, the price has shown a slight correction and is currently trading at $117,373, with a decrease of -364.69 in the last 24 hours. Despite this adjustment, the overall trend remains bullish, driven by expectations of interest rate cuts by the United States Federal Reserve, inflows of capital into exchange-traded funds, purchases by corporate treasuries, and weakness in the U.S. dollar.