Yesterday at 7:51 AM | Bitcoin

Bitcoin breaks $112,000 mark for first time

Bitcoin breaks $112,000 mark for first time

Bitcoin rose above $112,000 for the first time amid a broader rally in the risk assets. The price of the cryptocurrency surged 3.1% to $112,009, pushing year-to-date gains close to 20%. 

However, chief investment officer at Kronos Research, Vincent Liu, notes that potential profit-taking and macroeconomic developments could spark a correction. Yet, the trend remains firmly upward for now. 

Founder and CIO at Hunting Hill Global Capital, Adam Guren, believes the cryptocurrency's new record high reflects strong inflows into Bitcoin-backed exchange-traded funds. He also notes increasing institutional adoption and a favorable macroeconomic backdrop. 

According to Guren, as political instability rises globally, investors are increasingly attracted to hard assets. In this regard, Bitcoin benefits from both gold-like positioning and the risk associated with its price dynamics. At the same time, the hallmark of the main cryptocurrency’s current cycle is structural, regulated, and sustainable demand, he adds.

Elena Berseneva MarketCheese
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Today at 08:53 AM 4
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 33
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 38
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 66
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 43
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
08 July 2025 109
Go to forecasts