Bitcoin has risen to another high record, driven by the growing global investor needs for risk assets and a $ 200 million extermination of BTC shorts near a critical level of overhead resistance.
Bitcoin’s (Btc) The price exceeds $ 112,000 all-time high for the first time on Wednesday, after a 5.95% increase in last week.
Bitcoin price appreciation has helped the total capitalization of the crypto market to recover $ 3.47 trillion, a level last seen in June 2025.
However, the crypto market value remains below the full time of $ 3.73 trillion recorded in December 2024.
The new Bitcoin’s new time occurred a few days after President Trump announced a fresh rotation of tariffs up to 40% against Malaysia, Kazakhstan, South Africa, Myanmar and Laos. Meanwhile, Japan saw its tariff rate raised to 25% and new rates were live on August 1st.
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The Bitcoin price momentum benefits from a reset to “over-leveraged participants” that created a “healthy foundation for continuity,” analysts from the Bitfinex Exchange were told in the cointelegraph, addition:
“The aging between the on-chain accumulation and off-chain exchange order flow painted a compelling picture: this rally was built on solid ground, supported by the true flow of capital instead of short speculative speculation.”
“In order to maintain a constructive perspective for the coming weeks, this pattern of the premise of the area’s consumer must continue,” explains the analysts
Related: Bitcoin more of a ‘diversifier’ than safe possession: Report
Bitcoin Rally driven by increasing the status of Safe Haven: Sygnum Bank Research Lead
Bitcoin’s exemplary since Trump’s release day The announcement on April 2 is driven by growing recognition as a safe property, according to Latter Tischhauser, the head of research on Digital Asset Banking Group Sygnum Bank.
Since April 2, Bitcoin has been “outperforming as well as increasing decay in the days when the S&P 500 has been corrected,” he told the cointelegraph, and added:
“It supported Bitcoin’s increased status as a safe place of shelter in the face of Fiat Debasement, which also confirmed the first United States state to sign a Bitcoin Reserve Bill in law, following a federal bitcoin reserve established by the Executive Order.”
Bitcoin exchange reserves have been in a steady decline since late April, which is a sign of “long -term confidence” from Bitcoin investors that could lead to a Shock-driven supply Rally, according to Tischhauser.
Bitcoin reserves of all exchanges fell to 2.99 million BTC on May 21, down from more than 3.11 million BTC on March 13, Glass node Data displays
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