🚀 Bitcoin Shatters $112K Barrier: New All-Time High as Bull Run Accelerates

Digital gold just got heavier—Bitcoin's relentless surge carves another milestone into financial history.

The unstoppable climb: No pullbacks, no apologies. The king of crypto laughs at 'overbought' warnings as institutions FOMO into the green candle.

Wall Street watches helplessly: Traders scramble to cover shorts while pension funds quietly allocate another 2% to 'that internet money'—because nothing hedges inflation like an asset that swings 20% before lunch.

What's next? The charts scream 'parabola,' but try telling that to the diamond-handed retail crowd stacking sats between Zoom meetings. Meanwhile, gold bugs sob into their safe-haven spreadsheets.

In May, Bitcoin reached a high of $111,891. Currently, Bitcoin is at $112,661, which is a 2.94% appreciation over the last 24 hours. The price hike has taken its market capitalization to $2.24 trillion, while its 24-hour trading volume increased by 42% to $63.91 billion.

It was reported by Coinglass that nearly $340 million in bitcoin short positions were closed on exchanges in four hours following the new high. This indicates that most traders who shorted BTC got surprised by the sudden price surge.

Amid the BTC price rally, Coinbase Global (COIN) and MicroStrategy (MSTR) stocks also gained nearly 5% in the day’s trading session. The overall stock market also did well, with the Nasdaq Composite finishing at its own high mark.

Also Read: Bitcoin Still Has Room to Run; MVRV Z-Score Signals Upside