$BTC Bitcoin has reached a new all-time high, surging past $116,000 on July 10, 2025. This record-breaking move was fueled by a combination of factors including strong institutional demand, declining Bitcoin reserves on exchanges, and a supportive macroeconomic environment marked by a dovish U.S. Federal Reserve and a weakening dollar. The rally reflects growing investor confidence in Bitcoin’s long-term value, with many long-term holders choosing to retain their assets rather than sell, tightening supply and further driving prices upward.