Bitcoin Breaks all Time High
Bitcoin surged 3.1% to hit a new all time high, hitting 112k for the first time ever. Investors are looking for strong assests and they seem to favor Bitcoin. Wall Steet and treasury companies are banking on the tokens advance to unlock new financing.
This news is great for the crypto market as it shows it can resist news of new Trump tarrifs. The surge of Bitcoin also liquidated 280 million from traders in short positions in less then 1 hour. This moves shows the beginning of a new bull market.
The journey to this all time high was a rough road for BTC as it hit 75k earlier in the year. If Bitcoin holds strong above 112k it could trigger all traders with short stop-loss positions to close or get liquidated.
In conclusion: Bitcoin will be a strong investment showing renewed confidence for investors. The surge in Bitcoin also showed a huge spike for many other coins. This shows that Crypto has a very bright future.
#bitcoin
Bitcoin surged 3.1% to hit a new all time high, hitting 112k for the first time ever. Investors are looking for strong assests and they seem to favor Bitcoin. Wall Steet and treasury companies are banking on the tokens advance to unlock new financing.
This news is great for the crypto market as it shows it can resist news of new Trump tarrifs. The surge of Bitcoin also liquidated 280 million from traders in short positions in less then 1 hour. This moves shows the beginning of a new bull market.
The journey to this all time high was a rough road for BTC as it hit 75k earlier in the year. If Bitcoin holds strong above 112k it could trigger all traders with short stop-loss positions to close or get liquidated.
In conclusion: Bitcoin will be a strong investment showing renewed confidence for investors. The surge in Bitcoin also showed a huge spike for many other coins. This shows that Crypto has a very bright future.
#bitcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,272.1
+5.71%