Bitcoin Nears Record High

🟠Bitcoin continues to trade near its all-time high of $111,970, sparking debate among market participants over when it will break through. According to analysts at COIN 22, rising M2 money supply and a potential Fed rate cut as early as September could push BTC higher. However, a new wave of tariff conflicts poses a downside risk.

🟠Analysts Franzen and MMCrypto point to bullish chart patterns suggesting an imminent breakout. Optimism is further fueled by the issuance of a new batch of USDT — widely seen by investors as a signal that the next phase of growth may be beginning.