📈 WOAH, BTC reached an ATH of $118000 What’s Driving BTC to ~$117K+?
New All-Time Highs: Bitcoin has soared past $117,000, reaching peaks between $117,500–$118,400 in recent sessions
Institutional Inflows & ETF Momentum: Spot BTC ETFs from firms like BlackRock and Fidelity are amassing record inflows (~$130B AUM), fueling surging demand
The Economic Times
.
Regulatory Tailwinds: U.S. “Crypto Week,” featuring major crypto-friendly legislation debates, is boosting investor confidence
.
On‑Chain Strength: Key metrics show accumulation by long-term holders, calm retail activity, and healthy market structure—indicating this rally may be sustainable
.
Technical Breakout: Price action breached the short-term holder cost-basis resistance (~$117,113), and Fibonacci targets now point to ~$121K–$128K
.
🌐 Market Context & Broader Signals
Other major crypto assets like Ethereum (~$3,000), XRP, Solana, and meme coins are rallying alongside BTC .
A weakening U.S. dollar (down ~11% YTD) and broader tech rally—including Nvidia’s $4T valuation—are fueling the sentiment
.
Trading volumes remain elevated, with ~$110B daily turnover and ~$93B spike seen recently
crypto.news
.
🚀 #BTCBreaksATH . 🌐 #crypto #BTC #ETHBreaks3k #TrendTradingStrategy $BTC $ETH
