July 11, 2025
11 11 11 AM
Latest Post
How to legally stake crypto in 2025 under the SEC’s new rules Bitcoin hits $113.8K all-time high as liquidity influx backs BTC price discovery NEAR Protocol Gains 5% Amid Surge in Trading Volume Bitcoin Breaks Fresh Record of $112,700 Sui Rallies Nearly 10% in Bullish Breakout Why 24/7 Digital Markets Will Power Development in Frontier Economies Japanese Real Estate Firm GATES to Tokenize $75M in Tokyo Property on Oasys Blockchain German State Lender NRW.BANK Issues €100M Blockchain Bond on Polygon DAOs 2.0: What’s Next For Decentralized Governance? ATOM Consolidates After Strong Rally, Testing Key Resistance

Bitcoin Breaks Fresh Record of $112,700

Bitcoin (BTC) clinched a fresh record high above $112,000 on Thursday, attempting to break away from the range it has been trading in for months.

The largest and oldest cryptocurrency hit $112,702 during the U.S. session, CoinDesk price data shows. It was up 2.8% over the past 24 hours.

The new record comes less than a day after it briefly topped $112,000 on some exchanges, then retreated below $111,000 in the later hours.

Bitcoin’s rally to new highs was buoyed by strong inflows into ETFs, relentless corporate adoption by crypto treasury companies and an increasingly favorable regulatory climate, Gerry O’Shea, head of global market insights at Hashdex, said in a note.

“While the macro environment will continue to remain uncertain, we believe the bull market is far from over and new catalysts, including more institutional platforms allowing access to bitcoin, may help drive the price of BTC to $140,000 or higher this year,” he said.

The broader crypto market was also climbing higher on Thursday. Ethereum’s ether (ETH) topped $2,800 and was up more than 5%, while XRP (XRP) gained 3.5%. The broad-market CoinDesk 20 Index advanced 3.4% to its strongest level since May.

This post was originally published on this site

Please enter Coingecko Free Api Key to get this plugin works