Bitcoin (BTC) price has recorded a new all-time high (ATH) of about $112,000 on several cryptocurrency exchanges, led by Binance. The flagship coin surged over 2 percent in the past 24 hours, thus rallying above the former ATH of about $111,814, which was recorded on May 22, 2025.
According to aggregate data from CoinMarketCap, Bitcoin’s market cap rallied above $2.2 trillion and its daily average traded volume rose 23.7 percent to hover around $53.7 billion on Wednesday, during the mid-North American trading session. Consequently, BTC is now the fifth most valuable asset after surpassing Alphabet (Google), which has a market cap of about $2.15 trillion.
As Coinpedia has reported in the recent past, BTC price has remained stagnant amid heightened demand from institutional investors and notable crypto regulatory clarity. For instance, the U.S. spot Bitcoin ETFs have recorded more than $13 billion in net cash inflows in the past four months, led by BlackRock’s IBIT and Fidelity’s FBTC.
According to market data from Santiment, Bitcoin price experienced bullish sentiment today fueled by consistent retail boredom and FUD. Moreover, BTC price has experienced a significant psychological resistance level around $109k amid the resurgence of U.S.-led tariff wars and geopolitical tensions
The BTC price rally today impacted the wider altcoin market led by Ethereum (ETH), XRP, and Solana (SOL). Following the sudden BTC price pump in the past 24 hours, more than $496 million was liquidated, with the majority involving short traders.
Consequently, the odds of a short squeeze significantly increased, which could further fuel bullish sentiment in the coming days and possibly weeks. According to James Seyffart, an ETF and crypto reporter at Bloomberg, the altseason 2025 could have started with a BTC price pump towards a new ATH.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The XRP price is showing encouraging signs of stabilization after enduring heavy selling pressure throughout…
The ENA price has demonstrated a remarkable rebound after a steep decline earlier this month.…
In August 2025, Valour Inc., a subsidiary of DeFi Technologies listed on Nasdaq, launched the…
The crypto industry is witnessing an increasing number of deals as investors show growing interest…
Crypto and politics are colliding again. Senate Democrats are demanding answers from Steve Witkoff, Donald…
As the U.S. government shutdown enters its fourth week, most major economic reports have been…