Home » Bitcoin » Bitcoin hits $112K original ATH after breaking past key resistance
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Jul. 9, 2025
Bitcoin touches $112,000, breaking Might perhaps height as ETFs and $480 million in liquidations power recent surge.
Key Takeaways
- Bitcoin’s all-time excessive comes amid rising ETF inflows and favorable US regulatory signals
- At Bitcoin’s original all-time excessive, crypto liquidations surged past $480 million.
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Bitcoin reached a brand original all-time excessive of $112,000 this day, per TradingView data. The price surged over 2% past $109,000 on Wednesday afternoon and swiftly broke via $112,000.
The $110,000 level had been a key resistance in newest weeks, with traders over and over taking profits in relation to that price. At press time, Bitcoin develop to be trading in relation to $111,200.
The rally also lifted the broader crypto market, with Ethereum’s ether surging 6% to $2,800, its highest level in a month.
Disclose Bitcoin ETFs recorded over $1.2 billion in gain inflows for the explanation that originate up of July, per Farside Investors data. Analysts also pointed to Bitcoin treasury companies and an even US regulatory environment as key drivers.
In accordance with Coinglass data, greater than $286 million in positions had been liquidated over the final hour, together with $193 million from Bitcoin trades. All the procedure via the final 24 hours, complete crypto liquidations topped $480 million, with Bitcoin accounting for $222 million.
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