Bitcoin Surges to New All-Time High Price Above $112K

The post Bitcoin Surges to New All-Time High Price Above $112K appeared on BitcoinEthereumNews.com. In brief Bitcoin soared above $112,000 on Coinbase before retreating. The largest crypto by market capitalization’s had lingered in a range for weeks. Ethereum, XRP and Solana were also in positive territory. The price of Bitcoin hit a new all-time high price on Wednesday according to crypto exchange Coinbase, which showed a new peak of about $112,055 at 3:55 p.m. ET. Coinbase’s previous high mark was $111,891, set in May. Bitcoin spiked Wednesday afternoon in the minutes leading up to the new mark as investors liquidated more than $280 million in short positions in a one-hour period, according to data provider CoinGlass. In a note to Decrypt, Strahinja Savic, head of data analytics at crypto advisory FRNT Financial, wrote that “the stars have aligned for Bitcoin” as investors consider it as a hedge against the uncertainties that plague fiat currencies. “For the asset’s proponents, the global situation is exactly why they would have bought the asset in the first place,” Savic wrote. “In the U.S., there is growing awareness that the fiscal situation is unsustainable and that the country lacks the capacity for reform.  The largest cryptocurrency by market capitalization was up more than 2% over the past 24 hours. BTC has risen about 20% year-to-date. Major altcoins also soared, with Ethereum—the second-largest digital asset by market value—rising more than 5% from Tuesday, same time, and XRP and Solana both jumping more than 3%. Major equity indexes closed in positive territory, albeit mildly, with the tech-focused Nasdaq up near a percentage point and the S&P 500, which has a hefty technology component, climbing 0.6%. Safe-haven asset gold rose 0.13%. The surge followed a weekslong lull in which BTC had lingered in a range between $106,000 and $110,000 as investors fretted about trade tariffs, the U.S. central bank’s continued interest rate hawkishness,…

Jul 10, 2025 - 08:00
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Bitcoin Surges to New All-Time High Price Above $112K

The post Bitcoin Surges to New All-Time High Price Above $112K appeared on BitcoinEthereumNews.com.

In brief Bitcoin soared above $112,000 on Coinbase before retreating. The largest crypto by market capitalization’s had lingered in a range for weeks. Ethereum, XRP and Solana were also in positive territory. The price of Bitcoin hit a new all-time high price on Wednesday according to crypto exchange Coinbase, which showed a new peak of about $112,055 at 3:55 p.m. ET. Coinbase’s previous high mark was $111,891, set in May. Bitcoin spiked Wednesday afternoon in the minutes leading up to the new mark as investors liquidated more than $280 million in short positions in a one-hour period, according to data provider CoinGlass. In a note to Decrypt, Strahinja Savic, head of data analytics at crypto advisory FRNT Financial, wrote that “the stars have aligned for Bitcoin” as investors consider it as a hedge against the uncertainties that plague fiat currencies. “For the asset’s proponents, the global situation is exactly why they would have bought the asset in the first place,” Savic wrote. “In the U.S., there is growing awareness that the fiscal situation is unsustainable and that the country lacks the capacity for reform.  The largest cryptocurrency by market capitalization was up more than 2% over the past 24 hours. BTC has risen about 20% year-to-date. Major altcoins also soared, with Ethereum—the second-largest digital asset by market value—rising more than 5% from Tuesday, same time, and XRP and Solana both jumping more than 3%. Major equity indexes closed in positive territory, albeit mildly, with the tech-focused Nasdaq up near a percentage point and the S&P 500, which has a hefty technology component, climbing 0.6%. Safe-haven asset gold rose 0.13%. The surge followed a weekslong lull in which BTC had lingered in a range between $106,000 and $110,000 as investors fretted about trade tariffs, the U.S. central bank’s continued interest rate hawkishness,…

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