After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000.<\/p>\n
Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n After the peak reached on Bitcoin Pizza Day (May 22), the primary cryptocurrency started to lose some ground, which culminated precisely a month later with a price dump to $98,000 during the Iran-Israel war.<\/p>\n However, the bulls managed to contain the losses, and BTC quickly topped $100,000. In fact, the asset hasn\u2019t traded within a five-digit price territory in over two weeks.<\/p>\n July started with a slight stagnation, though, as bitcoin remained stuck between $105,000 and $110,000. However, the cryptocurrency went on the offensive hard in the past few hours, breaking above the upper boundary and surging to a fresh all-time high at exactly $112,000 (on Bitstamp and many other exchanges) minutes ago.<\/p>\n Among the possible reasons behind today\u2019s surge came a few hours ago when US President Trump urged<\/a> the Federal Reserve to cut the rates by 300bps. Such a potential historic move is expected to benefit riskier assets like BTC and crypto.<\/p>\n Many altcoins have followed suit<\/a> on the way north, charting gains of close to 10%. ETH, for example, has risen by more than 6% since this time yesterday and trades close to $2,800.<\/p>\n This volatility has harmed over-leveraged traders, resulting in more than $480 million in daily liquidations. The number of wrecked traders sits at 100,000, according to CoinGlass, most of which were from shorts.<\/p>\n One particular position stands out as the single-largest liquidation; it happened on HTX and was worth over $51 million.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post Bitcoin Records New All-time High: Breaks Above May\u2019s Peak<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000. Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":79532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79531"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79532"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nAfter the peak reached on Bitcoin Pizza Day (May 22), the primary cryptocurrency started to lose some ground, which culminated precisely a month later with a price dump to $98,000 during the Iran-Israel war.<\/p>\nHowever, the bulls managed to contain the losses, and BTC quickly topped $100,000. In fact, the asset hasn\u2019t traded within a five-digit price territory in over two weeks.<\/p>\nJuly started with a slight stagnation, though, as bitcoin remained stuck between $105,000 and $110,000. However, the cryptocurrency went on the offensive hard in the past few hours, breaking above the upper boundary and surging to a fresh all-time high at exactly $112,000 (on Bitstamp and many other exchanges) minutes ago.<\/p>\nAmong the possible reasons behind today\u2019s surge came a few hours ago when US President Trump urged<\/a> the Federal Reserve to cut the rates by 300bps. Such a potential historic move is expected to benefit riskier assets like BTC and crypto.<\/p>\nMany altcoins have followed suit<\/a> on the way north, charting gains of close to 10%. ETH, for example, has risen by more than 6% since this time yesterday and trades close to $2,800.<\/p>\nThis volatility has harmed over-leveraged traders, resulting in more than $480 million in daily liquidations. The number of wrecked traders sits at 100,000, according to CoinGlass, most of which were from shorts.<\/p>\nOne particular position stands out as the single-largest liquidation; it happened on HTX and was worth over $51 million.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Bitcoin Records New All-time High: Breaks Above May\u2019s Peak<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000. Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":79532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79531"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79532"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTCUSD-5.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Bitcoin Records New All-time High: Breaks Above May\u2019s Peak<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000. Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":79532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79531"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79532"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-09-230605.png\"){kind=link}