Bitcoin price today: Why BTC is going up and is this an all-time high?

Bitcoin saw a massive price surge on Wednesday, not only recovering from the aftershock of President Donald Trump’s tariff policy, but also recording an all-time high (ATH) at over $112,000. At the time of writing this story, the BTC price was at $112,016. The cryptocurrency last hit an ATH of $111,970.17 on May 22 and has been struggling since.

Why is Bitcoin going up today? Potential reasons