Bitcoin Hits New All-Time High

Bitcoin surpassed the $112,000 mark for the first time ever, setting a new all-time high driven by a massive short squeeze and soaring global investor demand amid growing economic and geopolitical uncertainty.

Bitcoin Hits New All Time High

Bitcoin has officially broken through a new all-time high, surpassing $112,000 for the first time in history. The rally was fueled by a massive short squeeze that liquidated over $200 million in short positions near a key resistance zone, combined with surging investor demand for risk assets worldwide.

Over the past week alone, Bitcoin has gained nearly 6%, pushing the total cryptocurrency market capitalization back to $3.47 trillion — the highest level since June 2025. However, the market still remains below its all-time high of $3.73 trillion recorded in December 2024.

Notably, this milestone comes just days after President Donald Trump announced a new set of tariff policies, including duties of up to 40% on imports from Malaysia, Kazakhstan, South Africa, Myanmar, and Laos. Japan also raised its import tax rate to 25%, with the new tariffs expected to take effect on August 1. These geopolitical tensions have further heightened global uncertainty, prompting investors to seek refuge in safe-haven assets like Bitcoin.

Bitcoin Price Chart
Bitcoin Price Chart

According to analysts at crypto exchange Bitfinex, Bitcoin’s sharp rebound has been driven in part by the forced unwinding of overleveraged positions, helping to establish a more stable base for the ongoing rally. “This latest surge is underpinned by real capital inflows, supported by both on-chain accumulation and off-chain trading activity,” the Bitfinex team noted.

Experts believe the bullish trend could continue in the coming weeks, provided that spot buying pressure remains dominant.

From a macro perspective, Katalin Tischhauser, Head of Research at Sygnum Bank — a digital asset-focused institution — said Bitcoin’s rally since former President Trump’s announcement of “Liberation Day” on April 2 is a clear sign of the cryptocurrency’s growing role as a safe-haven asset in an increasingly unstable global environment.

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