$BTC The price of Bitcoin finally broke through the historical high from January and set a new record of nearly $112,000 earlier today, as its market cap surpassed the $2.2 trillion mark.
Many altcoins achieved more impressive gains in the past day, with HYPE quickly rising above $30.
BTC's new ATH
BTC broke through $100,000 on May 8 and has since remained in the six-figure price range. In the following weeks, apart from a few false breakout attempts from either side, it has remained in a relatively narrow range between $103,000 and $105,000.
Last weekend, the price of Bitcoin surged again to its peak, but was initially halted by bears. As the trading week progressed, more volatility followed. In short, BTC spiked several times to $107,000, but each time was rejected and pushed down multiple times.
Until yesterday, bulls completely controlled the market, breaking through resistance levels, ultimately helping the leading cryptocurrency surpass its historical high of around $109,100 from January and set a new high of nearly $110,000. Initially, Bitcoin dropped again to nearly $106,000, but during the Asian trading session on Monday morning, the situation reversed, soaring to nearly $112,000, setting a new record.
