Bitcoin is trading around $116,500 today, supported by robust institutional demand and favorable macroeconomic conditions. Massive inflows into spot ETFs—especially BlackRock’s iShares trust—and growing corporate treasuries have bolstered bullish sentiment. Dovish signals from the Fed and a softening U.S. dollar provide further tailwinds, while pro-crypto policy initiatives reinforce confidence. Technically, BTC recently broke through its recent all‑time highs in the $112k–113k zone, triggering a short squeeze and setting the stage for a move toward $130k+. Importantly, current volatility remains subdued compared to historical norms, suggesting a more sustainable rally. However, profit-taking and shifting macro trends could induce temporary setbacks. With Crypto Week and expanding regulation ahead, Bitcoin’s trajectory through mid‑July appears firmly positive.
