#BTCBreaksATH

Bitcoin (BTC) reached a new all-time high by surpassing 112,000 USD on July 9, hitting a peak of 112,022 USD before stabilizing around 111,300 USD.

This rally, driven by increasing institutional demand and strong flows into ETFs in the U.S. – over 218 MM USD just this Thursday – reflects a solid appetite for risk.

Analysts associate this surge with signs of rate cuts, a steady flow of BTC ETFs, and a favorable macro environment, backed by public policies that do not hinder crypto growth.

While BTC marks new highs, traders warn of possible corrections, although the overall trend remains upward.

We will monitor volumes, effects on altcoins, and the impact of movements in ETFs.