News View Non-AMP

Bitcoin Price Hits New ATH of $112k: Is the 2025 Altseason Here? Experts’ Insights

Published by
Steve Muchoki

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.

Top Reasons Why Bitcoin Price Rallied Today

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

What Next?

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.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Trust with CoinPedia:

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.

Investment Disclaimer:

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 and Advertisements:

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.

Recent Posts

Will Crowd Selling Exhaustion Fuel The Next XRP Price ATH?

The XRP price is showing encouraging signs of stabilization after enduring heavy selling pressure throughout…

October 22, 2025

Ethena (ENA) Price Analysis: Institutional Buying Fuels Strong Recovery

The ENA price has demonstrated a remarkable rebound after a steep decline earlier this month.…

October 22, 2025

Pi Network News: Valour PI ETP Debuts on Swedish Market Amid Low Uptake

In August 2025, Valour Inc., a subsidiary of DeFi Technologies listed on Nasdaq, launched the…

October 22, 2025

Prime Broker FalconX to Acquire Asset Manager 21shares: WSJ Report

The crypto industry is witnessing an increasing number of deals as investors show growing interest…

October 22, 2025

Trump Envoy Steve Witkoff Faces Senate Probe Over Crypto Holdings

Crypto and politics are colliding again.  Senate Democrats are demanding answers from Steve Witkoff, Donald…

October 22, 2025

U.S. Government Shutdown Enters Fourth Week: All Eyes on CPI as Key Economic Data Stalls

As the U.S. government shutdown enters its fourth week, most major economic reports have been…

October 22, 2025