Breaking: Bitcoin Hits New All-Time High as New Bull Market Begins

Bitcoin (BTC) has officially hit a new all-time high of $111,999, surpassing its previous peak set on May 22, 2025.

The milestone marks the beginning of what many analysts are calling a new crypto bull market, fueled by growing institutional interest and a resurgence in retail demand.

Over the past few weeks, institutional interest in crypto assets has been growing steadily, according to reports by CoinShares.

US Spot Bitcoin ETFs recorded $80.08 million in daily net inflows as of July 8, bringing the cumulative total net inflows to $49.94 billion, with total net assets reaching $136.75 billion, representing 6.33% of Bitcoin’s market cap, according to SoSoValue.

Source: SoSoValue

The surge coincides with unprecedented weakness in the US dollar, with the Dollar Index falling 10.1% year-to-date, marking its worst performance since 1973.

President Trump’s proposal for a historic 300 basis point interest rate cut, three times larger than the largest cut in history, has further pressured the dollar while driving institutional money into Bitcoin as a hedge.