Bitcoin breaches $116K in fresh all-time high as markets roar
Bitcoin smashed through $116,000 Friday, marking a fresh all-time high amid a flurry of macro and on-chain momentum. The surge — up nearly 5% in 24 hours — extends a blistering 2025 rally that’s seen BTC more than double in value year-over-year.
The trigger is a cocktail of global rate-cut bets, a weakening U.S. dollar, and an increasingly crypto-friendly White House.
In a post on Truth Social, former President Donald Trump declared markets “through the roof,” linking the surge to his tariff policy and urging the Federal Reserve to cut interest rates immediately. Traders are now pricing in deeper rate cuts — potentially up to 3% — over the next 12 months.
According to data from Coinglass, more than $416 million in short…
