Bitcoin just set a new all-time high around $112,000, eclipsing its May record and pushing the digital asset further into uncharted territory.

The surge lifted total crypto market value back near $3.47 trillion, still short of the $3.73 trillion apex logged in December 2024 but enough to rekindle bull-market chatter.

Data shows exchange reserves at seven-year lows, but other analysts cite sustained spot-buyer dominance and safe-haven demand as pillars of the rally.

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