#BTCBreaksATH Bitcoin Hits New All-Time High, Surges Past $112,000
Bitcoin has once again shattered its all-time high, climbing to an impressive $112,000 and reigniting bullish sentiment across the crypto market. Here’s what you need to know:
Current Price: Bitcoin is currently trading at around $111,223.96, marking a 2.31% gain in the past 24 hours.
Market Cap: Its market capitalization has surged to approximately $2.17 trillion, further reinforcing Bitcoin’s leading position in the crypto space.
Price Momentum: This marks the third consecutive day Bitcoin has set a new ATH, driven by strong ETF inflows and encouraging regulatory signals from the U.S.
Liquidations: The price rally has triggered over $480 million in crypto liquidations, highlighting the market’s volatility.
Analyst Forecasts: Experts remain divided on where Bitcoin is headed next—some predict a climb to $130,000, while others see resistance at $88,800. CryptoQuant’s Axel Adler Jr. suggests Bitcoin could set another record high within the week based on past trends.
Investor Moves: High-profile investors like James Wynn are showing strong confidence, with Wynn placing an $830 million long position on Hyperliquid.
Market Dynamics: Bitcoin’s rapid surge continues to dominate headlines, as futures open interest approaches historic highs—pointing to sustained market momentum.