Home Crypto Bitcoin hits $112K new ATH after breaking past key resistance

Bitcoin hits $112K new ATH after breaking past key resistance

by Alan North


Key Takeaways

  • Bitcoin’s all-time high comes amid rising ETF inflows and favorable US regulatory signals
  • At Bitcoin’s new all-time high, crypto liquidations surged past $480 million.

Share this article

Bitcoin reached a new all-time high of $112,000 today, according to TradingView data. The price surged over 2% past $109,000 on Wednesday afternoon and quickly broke through $112,000.

The $110,000 level had been a key resistance in recent weeks, with investors repeatedly taking profits near that mark. At press time, Bitcoin was trading near $111,200.

The rally also lifted the broader crypto market, with Ethereum’s ether surging 6% to $2,800, its highest level in a month.

Spot Bitcoin ETFs recorded over $1.2 billion in net inflows since the start of July, according to Farside Investors data. Analysts also pointed to Bitcoin treasury companies and a favorable US regulatory environment as key drivers.

According to Coinglass data, more than $286 million in positions were liquidated over the past hour, including $193 million from Bitcoin trades. Over the past 24 hours, total crypto liquidations topped $480 million, with Bitcoin accounting for $222 million.

Share this article



Source link

You may also like

Follow us on:

© 2025 decentralnewshub.xyz. All rights reserved.

Sign up and save

Sign up and you’ll always be the first to know about any promotions, discounts or giveaways.

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!