#BTCBreaksATH

Bitcoin has smashed its previous all-time highs in July 2025, with a surge from ~$112,000 to a new peak of ~$116,046—marking a ~24% gain year‑to‑date . Institutional investors have driven this rally, fuelled by supportive policy developments—such as former President Trump’s executive order establishing a strategic Bitcoin reserve and crypto‑friendly appointees at the SEC . Meanwhile, supply has tightened as less Bitcoin remains on exchanges, tightening liquidity and boosting prices . Analysts highlight growing institutional confidence, weakening dollar trends, and potential Fed-driven rate cuts as catalysts. As Bitcoin enters a fresh price-discovery phase, traders eye further upside—even as macroeconomic uncertainty may trigger short-term pullbacks.