Bitcoin Breaks Fresh Record Topping $113,000
2025-07-10 17:38:15
Main Idea
Bitcoin reached a new all-time high above $113,000, with the broader crypto market also experiencing gains, driven by factors such as ETF inflows and a favorable regulatory climate.
Key Points
1. Bitcoin hit a record high of $113,313 during the U.S. session, marking a 3.7% increase over the past 24 hours.
2. Ethereum's ETH rose 5% above $2,800, and the CoinDesk 20 Index advanced 3.4%, indicating broader market gains.
3. The price surge follows multiple attempts to break above previous highs, with Bitcoin briefly topping $112,000 before retreating below $111,000.
4. Gerry O'Shea of Hashdex noted that ETF inflows and a favorable regulatory climate could drive Bitcoin's price to $140,000 or higher this year.
5. Other cryptocurrencies like XRP also saw gains, rising 3.5%.
Description
Bitcoin (BTC) clinched a fresh record high above $113,000 on Thursday, attempting to break away from the range it has been trading in for months. The largest and oldest cryptocurrency hit $113,313 during the U.S. session, CoinDesk price data shows. It was up 3.7% over the past 24 hours. The new record comes less than a day after it briefly topped $112,000 on some exchanges, then retreated below $111,000 in the later hours. Bitcoin's rally to new highs was buoyed by strong inflows into ETFs, rele...
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