Bitcoin established a new all-time high of $112,000 on Binance, gaining nearly 3% from the previous day in the trading session.
The breakout above previous highs presents a new bullish momentum as Bitcoin clears an important resistance level last reached in the May 2025 high.
Strong intraday movement shows continued market demand, with volume surging and price action driven by optimistic macro and ETF trends.
On Wednesday, Bitcoin achieved a new record price of $112,000 on the Binance platform after rising 3% within the previous day. The price increase occurred after investors showed positive reactions to possible monetary policy easing signals from the U.S. Federal Reserve.
Federal Reserve’s June Minutes Support Rate Cut Sentiment
The latest rally came just hours after the Federal Reserve released its June FOMC minutes. In the document, most policymakers thought a minimum of one interest rate cut before the end of 2025 would be warranted. A couple of participants were ready for one as soon as the July 30 meeting if inflation continued to moderate.
https://twitter.com/AxelAdlerJr/status/1943212182893658549
The expected change in monetary policy has generated heightened market confidence across financial markets. When interest rates decrease, the cost of holding assets without yield decreases, including Bitcoin. The Fed continues to demonstrate patience, but it warned that inflation remains an obstacle because of tariffs and a tight labor market.
Despite having internal divisions on rates and how quickly they will ease policy, markets cheered the broader signal of flexibility from their statement. Bitcoin’s move may be representative of investors' view that Fed policy could shift towards more favorable liquidity conditions.
Breakout Clears Long-Held Resistance Since May 2025 High
The breakout above $112,000 cleared a key resistance level that had held since Bitcoin’s last peak in May 2025. This level had previously capped several upside attempts, making the current move a technical confirmation of upward momentum.
The chart pattern now points to sustained strength if the price holds above prior highs. @esatoshiclub tweeted, “BREAKING: Bitcoin just hit a new all-time high of $112,000 on Binance, breaking past its previous peak.” This breakout has drawn attention from both traders and long-term investors.
https://twitter.com/esatoshiclub/status/1943037127081566275
The recent move was also supported by strong ETF inflows. U.S. spot Bitcoin ETFs have recorded four consecutive months of net inflows. Data from Sosovalue indicates over $13 billion has entered Bitcoin ETFs since April 2025. This steady demand has helped support prices above critical psychological levels.
Broader Macro Tailwinds Align With Bitcoin’s Rise
Beyond the Fed minutes, global macroeconomic trends have also favored Bitcoin. Rising global money supply has contributed to bullish sentiment. The approval of the One Big Beautiful Bill Act, estimated to expand the U.S. deficit by $3.3 trillion over the next decade, has heightened inflation expectations.
A weakening dollar, driven partly by increased fiscal spending and trade tensions—including renewed tariff proposals targeting Brazil—has further encouraged demand for alternative stores of value. Bitcoin has historically benefitted from such environments.
As of this writing, Bitcoin was valued at $111,287 with a 24-hour volume of more than $38 billion. The asset has risen 2.24% in the last day and 1.74% on the week, highlighting sustained interest. While there has been short-term volatility, Bitcoin seems to be following broader macro trends that favor reallocating assets into digital currencies.
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