Bitcoin (BTC) set a new price record this Thursday (10), reaching $113,616. It's the second time this week that BTC has surpassed historical averages. Yesterday (09), the crypto reached $112,000.
The appreciation occurred after the asset fell below $100,000 on June 22. Since the beginning of July, Bitcoin has resumed its upward trajectory, boosting trading volume and triggering liquidations in the futures market.
Source: CoinGecko
Although no official justification explains the recent appreciation, analysts attribute the movement to intensified purchases by companies and funds. The responsible parties are expected to release data on investments made this week on Monday (14). One of the highlights is expected to be Strategy, which announced its intention to invest $4.2 billion in BTC.
In addition, ETFs have played a relevant role in the rally. Since the beginning of the month, managers have registered inflows of $1.18 billion into cryptocurrency-linked funds.
Gains spread across the crypto market
The rise of Bitcoin also influenced other cryptocurrencies. Ethereum, XRP, BNB, and Solana recorded gains between 1.4% and 4.2% in the last 24 hours. Among the top 100, notable mentions include Pudgy Penguins (PENGU) with a 28.2% increase, Sui (SUI) with 14%, Virtual Protocol (VIRTUAL) with 13%, dogwifhat (WIF) with 13%, and Fartcoin (FARTCOIN) with 12.8%.
In addition, in Brazil, trading volume doubled, driven by the rise of the dollar and the trade tariffs imposed by the United States.
Coinglass records trading losses
The price surge caught traders betting on a decline in BTC by surprise. According to data from Coinglass, over 150,000 traders were liquidated in the futures market in the last 24 hours, totaling $647.22 million in losses.
Source: Coinglass
The largest individual liquidation was recorded on HTX, in the BTC/USDT pair, totaling $51.56 million, equivalent to about R$285 million.
If the price indeed breaks the historical high, analysts point out that the range of $113,000 could consolidate as new support, just as they previously consolidated the level of $100,000.
The article Bitcoin (BTC) reaches record $113,000 on the second day of highs was first seen on BeInCrypto Brazil.
