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, once imagined as a peer-to-peer payment system, is now behaving more like digital gold: a long-term store of value rather than a medium of exchange. For many investors, it’s a hedge, something to hold, not spend.