Bitcoin hit a new all-time high (ATH) of $112,000 on 10 July as the crypto market continues to recover from the aftershock of President Donald Trump 's tariff policy. The king coin last hit the ATH of $111,970.17 on May 22 and has been struggling since. On July 10, BTC's price went as low as $108,357.68 and is now back at $111,000 mark.

Bitcoin's ATH signals a new era of institutional adoption, with major players like BlackRock, Strategy, and Smarter Web Company expanding their commitment to the digital asset.

Bitcoin briefly rose above $112,000 to a record high Wednesday afternoon. However, the rally may stall if the trade tensions intensify, according to some analysts.