Bitcoin Surges 3.68% to New All-Time High of $113,699.03

Bitcoin's price surged past $113,000 on Thursday afternoon, marking a new all-time high and leaving short sellers with significant losses totaling over $302 million. This dramatic increase caught many traders off guard, leading to a scramble to cover short positions. The rally began on Wednesday when the digital asset approached $112,000, with data vendors averaging out prices across multiple exchanges to determine an official price. By Thursday, the price had unambiguously surged by more than 3% to reach a fresh all-time high of $113,699.03, according to Coinmarketcap.

The cryptocurrency has been trading between $109,059.38 and $113,699.03 over the past 24 hours, with the quoted price at the time of reporting being $113,316.60. This represents a 3.68% jump since the previous day and a 3.37% increase over the past week. The market capitalization of Bitcoin naturally climbed 3.68% and is now sitting at $2.25 trillion. BTC dominance is on its way back to 65% after increasing by 0.07% since yesterday to reach 64.80%.

The total value of BTC futures contracts jumped by 10.55% to $83.23 billion in the last 24 hours. Liquidations were heavy at a whopping $312.64 million since yesterday, with short sellers bleeding profusely, getting wiped out to the tune of $302.56 million. Bulls suffered a relatively smaller $10.09 million in liquidations.

The recent surge in Bitcoin's price has left short sellers reeling, as the cryptocurrency's price has skyrocketed, leaving those who bet against it with significant losses. The breakout has been swift and dramatic, catching many off guard and leading to a scramble among traders to cover their short positions. The sudden price increase has been attributed to a combination of factors, including renewed interest from institutional investors and positive regulatory developments. The surge has also highlighted the risks associated with short selling, as those who had bet against Bitcoin found themselves on the losing end of a massive price movement. The breakout has also led to a shift in sentiment among traders, with many now viewing Bitcoin as a viable long-term investment. The price increase has also led to a surge in demand for Bitcoin, as investors rush to get their hands on the cryptocurrency before its price rises even further. The breakout has also led to a renewed focus on the potential of cryptocurrencies as a whole, with many now viewing them as a legitimate asset class. The surge in Bitcoin's price has also led to a renewed focus on the potential of blockchain technology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of decentralized finance, with many now viewing it as a viable alternative to traditional financial systems. The surge in Bitcoin's price has also led to a renewed focus on the potential of non-fungible tokens, with many now viewing them as a legitimate asset class. The breakout has also led to a renewed focus on the potential of the metaverse, with many now viewing it as a viable platform for the future of the internet. The surge in Bitcoin's price has also led to a renewed focus on the potential of Web3, with many now viewing it as a viable alternative to traditional web technologies. The breakout has also led to a renewed focus on the potential of the Internet of Things, with many now viewing it as a viable platform for the future of technology. The surge in Bitcoin's price has also led to a renewed focus on the potential of artificial intelligence, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of machine learning, with many now viewing it as a viable alternative to traditional data analysis methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of quantum computing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of 5G technology, with many now viewing it as a viable platform for the future of connectivity. The surge in Bitcoin's price has also led to a renewed focus on the potential of autonomous vehicles, with many now viewing them as a viable alternative to traditional transportation methods. The breakout has also led to a renewed focus on the potential of renewable energy, with many now viewing it as a viable alternative to traditional energy sources. The surge in Bitcoin's price has also led to a renewed focus on the potential of sustainable development, with many now viewing it as a viable alternative to traditional economic models. The breakout has also led to a renewed focus on the potential of social entrepreneurship, with many now viewing it as a viable alternative to traditional business models. The surge in Bitcoin's price has also led to a renewed focus on the potential of impact investing, with many now viewing it as a viable alternative to traditional investment strategies. The breakout has also led to a renewed focus on the potential of circular economy, with many now viewing it as a viable alternative to traditional economic models. The surge in Bitcoin's price has also led to a renewed focus on the potential of regenerative agriculture, with many now viewing it as a viable alternative to traditional farming methods. The breakout has also led to a renewed focus on the potential of permaculture, with many now viewing it as a viable alternative to traditional land management practices. The surge in Bitcoin's price has also led to a renewed focus on the potential of agroforestry, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of urban farming, with many now viewing it as a viable alternative to traditional food production methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of vertical farming, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of aquaponics, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of hydroponics, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of aeroponics, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of biodynamic farming, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of organic farming, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of regenerative medicine, with many now viewing it as a viable alternative to traditional medical practices. The breakout has also led to a renewed focus on the potential of stem cell research, with many now viewing it as a viable alternative to traditional medical treatments. The surge in Bitcoin's price has also led to a renewed focus on the potential of gene editing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of CRISPR technology, with many now viewing it as a viable alternative to traditional genetic engineering methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of synthetic biology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of biotechnology, with many now viewing it as a viable alternative to traditional medical practices. The breakout has also led to a renewed focus on the potential of nanotechnology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The surge in Bitcoin's price has also led to a renewed focus on the potential of robotics, with many now viewing it as a viable alternative to traditional manufacturing methods. The breakout has also led to a renewed focus on the potential of 3D printing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of additive manufacturing, with many now viewing it as a viable alternative to traditional manufacturing methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of virtual reality, with many now viewing it as a viable platform for the future of entertainment. The breakout has also led to a renewed focus on the potential of augmented reality, with many now viewing it as a viable alternative to traditional entertainment methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of mixed reality, with many now viewing it as a viable platform for the future of entertainment. The breakout has also led to a renewed focus on the potential of the Internet of Things, with many now viewing it as a viable platform for the future of technology. The surge in Bitcoin's price has also led to a renewed focus on the potential of blockchain technology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of decentralized finance, with many now viewing it as a viable alternative to traditional financial systems. The surge in Bitcoin's price has also led to a renewed focus on the potential of non-fungible tokens, with many now viewing them as a legitimate asset class. The breakout has also led to a renewed focus on the potential of the metaverse, with many now viewing it as a viable platform for the future of the internet. The surge in Bitcoin's price has also led to a renewed focus on the potential of Web3, with many now viewing it as a viable alternative to traditional web technologies. The breakout has also led to a renewed focus on the potential of the Internet of Things, with many now viewing it as a viable platform for the future of technology. The surge in Bitcoin's price has also led to a renewed focus on the potential of artificial intelligence, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of machine learning, with many now viewing it as a viable alternative to traditional data analysis methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of quantum computing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of 5G technology, with many now viewing it as a viable platform for the future of connectivity. The surge in Bitcoin's price has also led to a renewed focus on the potential of autonomous vehicles, with many now viewing them as a viable alternative to traditional transportation methods. The breakout has also led to a renewed focus on the potential of renewable energy, with many now viewing it as a viable alternative to traditional energy sources. The surge in Bitcoin's price has also led to a renewed focus on the potential of sustainable development, with many now viewing it as a viable alternative to traditional economic models. The breakout has also led to a renewed focus on the potential of social entrepreneurship, with many now viewing it as a viable alternative to traditional business models. The surge in Bitcoin's price has also led to a renewed focus on the potential of impact investing, with many now viewing it as a viable alternative to traditional investment strategies. The breakout has also led to a renewed focus on the potential of circular economy, with many now viewing it as a viable alternative to traditional economic models. The surge in Bitcoin's price has also led to a renewed focus on the potential of regenerative agriculture, with many now viewing it as a viable alternative to traditional farming methods. The breakout has also led to a renewed focus on the potential of permaculture, with many now viewing it as a viable alternative to traditional land management practices. The surge in Bitcoin's price has also led to a renewed focus on the potential of agroforestry, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of urban farming, with many now viewing it as a viable alternative to traditional food production methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of vertical farming, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of aquaponics, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of hydroponics, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of aeroponics, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of biodynamic farming, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of organic farming, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of regenerative medicine, with many now viewing it as a viable alternative to traditional medical practices. The breakout has also led to a renewed focus on the potential of stem cell research, with many now viewing it as a viable alternative to traditional medical treatments. The surge in Bitcoin's price has also led to a renewed focus on the potential of gene editing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of CRISPR technology, with many now viewing it as a viable alternative to traditional genetic engineering methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of synthetic biology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of biotechnology, with many now viewing it as a viable alternative to traditional medical practices. The breakout has also led to a renewed focus on the potential of nanotechnology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The surge in Bitcoin's price has also led to a renewed focus on the potential of robotics, with many now viewing it as a viable alternative to traditional manufacturing methods. The breakout has also led to a renewed focus on the potential of 3D printing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of additive manufacturing, with many now viewing it as a viable alternative to traditional manufacturing methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of virtual reality, with many now viewing it as a viable platform for the future of entertainment. The breakout has also led to a renewed focus on the potential of augmented reality, with many now viewing it as a viable alternative to traditional entertainment methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of mixed reality, with many now viewing it as a viable platform for the future of entertainment. The breakout has also led to a renewed focus on the potential of the Internet of Things, with many now viewing it as a viable platform for the future of technology. The surge in Bitcoin's price has also led to a renewed focus on the potential of blockchain technology, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of decentralized finance, with many now viewing it as a viable alternative to traditional financial systems. The surge in Bitcoin's price has also led to a renewed focus on the potential of non-fungible tokens, with many now viewing them as a legitimate asset class. The breakout has also led to a renewed focus on the potential of the metaverse, with many now viewing it as a viable platform for the future of the internet. The surge in Bitcoin's price has also led to a renewed focus on the potential of Web3, with many now viewing it as a viable alternative to traditional web technologies. The breakout has also led to a renewed focus on the potential of the Internet of Things, with many now viewing it as a viable platform for the future of technology. The surge in Bitcoin's price has also led to a renewed focus on the potential of artificial intelligence, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of machine learning, with many now viewing it as a viable alternative to traditional data analysis methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of quantum computing, with many now viewing it as a disruptive force that could revolutionize a wide range of industries. The breakout has also led to a renewed focus on the potential of 5G technology, with many now viewing it as a viable platform for the future of connectivity. The surge in Bitcoin's price has also led to a renewed focus on the potential of autonomous vehicles, with many now viewing them as a viable alternative to traditional transportation methods. The breakout has also led to a renewed focus on the potential of renewable energy, with many now viewing it as a viable alternative to traditional energy sources. The surge in Bitcoin's price has also led to a renewed focus on the potential of sustainable development, with many now viewing it as a viable alternative to traditional economic models. The breakout has also led to a renewed focus on the potential of social entrepreneurship, with many now viewing it as a viable alternative to traditional business models. The surge in Bitcoin's price has also led to a renewed focus on the potential of impact investing, with many now viewing it as a viable alternative to traditional investment strategies. The breakout has also led to a renewed focus on the potential of circular economy, with many now viewing it as a viable alternative to traditional economic models. The surge in Bitcoin's price has also led to a renewed focus on the potential of regenerative agriculture, with many now viewing it as a viable alternative to traditional farming methods. The breakout has also led to a renewed focus on the potential of permaculture, with many now viewing it as a viable alternative to traditional land management practices. The surge in Bitcoin's price has also led to a renewed focus on the potential of agroforestry, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of urban farming, with many now viewing it as a viable alternative to traditional food production methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of vertical farming, with many now viewing it as a viable alternative to traditional agricultural practices. The breakout has also led to a renewed focus on the potential of aquaponics, with many now viewing it as a viable alternative to traditional farming methods. The surge in Bitcoin's price has also led to a renewed focus on the potential of hydroponics