Crypto Rises: BTC Hits New All-Time High of $112,040
Bitcoin continues to break barriers, achieving a new high of $112,040 on Bitstamp after a notable 3% increase in a single day. The cryptocurrency’s market cap has also surged, reaching $2.22 trillion, while the overall cryptocurrency market capitalization climbed back to $3.47 trillion, reminiscent of figures last seen in mid-2025.
Despite fears circulating on Twitter, comments such as: “People expect Bitcoin to perform as well as it did in the past ten years for the next ten years…” do not seem to deter its upward trajectory. Bitcoin is consistently outpacing traditional stocks and many altcoins, confirming its unique position in the market.
Tariffs, Rate Bets, and the Return of Bitcoin as a Hedge
This significant price movement coincided with new tariffs announced by President Trump affecting various nations, which may have fostered Bitcoin’s appeal as an alternative investment. Notably, the announcement led to $484.7 million in liquidations, predominantly driven by Bitcoin shorts.
“Bitcoin’s increasing status as a safe haven asset in the face of fiat debasement…” — Katalin Tischhauser, Sygnum Bank
Bitcoin’s positive performance can also be attributed to its disconnection from traditional equities, suggesting that traders are favoring it as a hedge against inflation.
Derivatives Market Reset Could Fuel Continuation
The surge has been bolstered by a decline in Bitcoin reserves held on exchanges, indicating that sellers are becoming less available. As of late May, reserves dropped from 3.11 million BTC to 2.99 million BTC.
Anthony Pompliano: “Every Wall Street firm and asset manager will adopt #Bitcoin and crypto. They won’t have a choice!”
As Bitcoin’s trading volume soared to $28.18 billion, the sentiment surrounding it continues to strengthen, positioning the market for a potential new bull cycle. Analysts posit that Bitcoin remains well-situated to not only maintain its growth but could also pull the broader altcoin market along with its ascent.
What’s Next For BTC? (Positive Prospects)
Currently, Bitcoin is approximately 7% shy of the all-time high total crypto market valuation of $3.73 trillion, achieved in December 2024. Should current short interest remain low and market conditions remain favorable, upcoming weeks will be critical in determining further trends.
Key Takeaways
- BTC officially broke into uncharted territory, marking a new all-time high of $112,040.
- Anticipation grows as economic conditions evolve.
- Ongoing supply restrictions could influence future price movements.
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