Bitcoin News
By Sakamoto Nashi
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Bitcoin Breaks $112K: A Turning Point. The recent price surge above $112,000 signals a significant psychological breakthrough for Bitcoin…
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A Remarkable Journey Since 2009. Bitcoin’s climb to this new all-time high highlights how far the cryptocurrency has come since its…
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Institutional Backing Powers Bitcoin’s Rise. One of the key drivers behind this ongoing rally is Bitcoin’s increasing acceptance among…
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A Quiet Build-Up, Bullish Potential?. Interestingly, the build-up to this record-breaking moment has been relatively subdued.
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Crypto Stocks Rally in Tandem. Bitcoin’s rally has had a ripple effect on the broader crypto ecosystem, especially in publicly…
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What’s Next for Bitcoin?. As Bitcoin hits new highs, the question on every investor’s mind is: Can it go higher from here?
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Bitcoin has once again made headlines by breaking through a key resistance level, reaching a new all-time high of $112,055 on July 9.
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According to data from leading exchanges, this new high surpasses the previous record of $111,970, which was set on May 22.
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The recent price surge above $112,000 signals a significant psychological breakthrough for Bitcoin (BTC). The $110,000 level had acted as a major resistance zone in recent weeks.
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At the time of this writing, Bitcoin has a market capitalization of $2.18 trillion, accounting for nearly 65% of the total crypto market cap, which stands at $3.4 trillion.
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Following President Donald Trump’s second-term victory in 2024, Bitcoin surged again, reaching $76,999 in November 2024 and eventually surpassing $100,000 in December 2024.
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Financial giants like BlackRock have played a pivotal role in this transition. The iShares Bitcoin Trust, managed by BlackRock, now owns approximately 3.5% of the total BTC supply.
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This wave of institutional support has not only legitimized Bitcoin in the eyes of traditional investors but also added stability and long-term growth potential to the asset.
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Interestingly, the build-up to this record-breaking moment has been relatively subdued. Analysts like Charlie Morris, CIO at ByteTree, have noted that the market feels “quiet”…
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Morris pointed out that Bitcoin’s volatility has been declining, a trend that often signals an impending breakout.
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