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Bitcoin Hits All-Time High Amid Elon Musk BTC Support

  • Bitcoin reached a new all-time high above US$112K after a period of stagnation.
  • Elon Musk's America Party voiced support for Bitcoin as an alternative to fiat, calling fiat 'hopeless'.
  • Musk clashed with Trump over the $3.4T spending package, adding drama to the BTC narrative as a hedge.
  • The surge in Bitcoin's price is attributed to Musk's backing and the political turmoil surrounding the Big, Beautiful Bill.

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