🚀 Bitcoin Just Hit $118k+ – Here's What's Powering the Rally!

$BTC is currently hovering around $118,600, trading between its intraday low of ~$117,900 and high of ~$120,000 .

Here’s what’s fueling the momentum :

1. Fresh ATHs & ETF Inflows

Bitcoin surged to new all-time highs near $123,200 on July 14–15, powered by massive ETF inflows—over $1.18 billion in a single day .

2. **Regulatory Boost in U.S. “Crypto Week”**

The U.S. House is advancing the GENIUS, CLARITY, and Anti‑CBDC bills—bringing clarity and balance to crypto regulation .

3. Altcoins Surging Alongside BTC

Ethereum is up ~9%, XRP +7.7%, and Solana/Dogecoin around +6% — showing broad-based market enthusiasm .

4. Technical Setups Pointing Higher

Analysts highlight a cup‑and‑handle breakout pattern with MACD and RSI indicating further upside—potential targets near $134,500.

#Bitcoin❗

$BTC