Bitcoin has soared to a new all-time high, crossing $118,000 this week, driven by strong investor interest and rising inflows into crypto ETFs. A major short squeeze wiped out over $1 billion in bearish bets, adding to the bullish momentum.

Analysts attribute the surge to increasing institutional adoption and favorable regulatory discussions happening in Washington. With technical indicators pointing higher, experts believe Bitcoin could reach between $120,000 and $130,000 in the near future.

This rally marks a 26% gain for BTC so far in 2025, reflecting growing confidence in crypto as a mainstream financial assets.

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BTC

94,328.28

+3.45%