Bitcoin Surges 3.3% to New All-Time High Above $112,000

Bitcoin has surged above its previous all-time-high of $112,000, marking the first time it has reached this level since May 22nd. This significant milestone comes after a period of consolidation, where the cryptocurrency has been trading above the $108,000 level, maintaining a bullish structure despite repeated attempts to break through the $112,000 barrier. The recent surge indicates a renewed interest and confidence among investors, as the leading crypto's daily volatility has been relatively low since May 22nd. This stability in the market has allowed Bitcoin to steadily climb towards its new all-time-high, with the cryptocurrency moving closer to the $112,000 mark from an overnight low of $108,300.

The increase in long-term holder (LTH) supply, which has risen by 13,000 BTC since June 22nd, reaching an all-time high of 14,713,345 BTC, further supports the bullish sentiment in the market. This accumulation of Bitcoin by long-term holders suggests that investors are confident in the cryptocurrency's long-term prospects and are positioning themselves to benefit from its future growth. The recent surge in Bitcoin's price can be attributed to a combination of factors, including increased institutional activity and a growing interest in the cryptocurrency as a store of value. The leading crypto's dominance in the first half of 2025, with a new all-time high above $112,000, further underscores its status as the most prominent digital asset in the market.

As Bitcoin continues to trade above its previous all-time-high, investors and analysts will be closely monitoring its price movements to gauge the cryptocurrency's future trajectory. The recent surge in Bitcoin's price has sparked renewed interest and optimism in the cryptocurrency market, with many investors and analysts predicting that the leading crypto could continue to climb higher in the coming months. However, it is important to note that the cryptocurrency market is highly volatile, and Bitcoin's price could be subject to significant fluctuations in the future. As such, investors should exercise caution and conduct thorough research before making any investment decisions.