Risk-on sentiment has returned with a vengeance as equity indexes set new all-time highs, and the combination of fiscal fears and a rising money supply means Bitcoin could soon break above its May high, according to Ryan Lee, Chief Analyst at Bitget Research. “Bitcoin’s surge to ~$109,000—just shy of its $112,000 all-time high—is underpinned by strong macro tailwinds,” Lee told Kitco News. “Record U.S. equity performance, a sharp rise in money supply, and expansive fiscal policy, particularly the ‘One Big Beautiful Bill Act,’ are key drivers. The Congressional Budget Office projects this legislation will add $3.3 ... (full story)