Bitcoin has defied short-term expectations to set a new all-time high (ATH) of $119K in a weekend characterized by dwindling liquidity. Other cryptocurrencies are posting impressive gains, with Ethereum (ETH) briefly clinching $3K ahead of Crypto Week.
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Bitcoin Price Soars To New Peak
According to CoinMarketCap data, the price of Bitcoin spiked to reach a record high of $119,292, gaining nearly 2% in a day. Earlier in the day, Bitcoin traded as low as $116K as daily trading volumes fell by 20.19% to settle at $44.37.
While the ATH amid low liquidity levels is puzzling to investors, reports of Michael Saylor’s Strategy resuming Bitcoin purchases after a one-week pause have jolted prices. On the weekly chart, Bitcoin has gained nearly 10%, setting multiple new highs in a meteoric rally.
As the asset’s market capitalization climbed to $2.5 trillion, Alphractal CEO Joao Wedson urges caution as Bitcoin broke out with low volume, predicting a near-term correction. However, projections of higher prices for the largest cryptocurrencies have flooded the space amid heightened Trump tariffs.
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Breaking: Bitcoin Hits New All-Time High Of $119K Ahead Of Crypto Week
Bitcoin has defied short-term expectations to set a new all-time high (ATH) of $119K in a weekend characterized by dwindling liquidity. Other cryptocurrencies are posting impressive gains, with Ethereum (ETH) briefly clinching $3K ahead of Crypto Week.
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Bitcoin Price Soars To New Peak
According to CoinMarketCap data, the price of Bitcoin spiked to reach a record high of $119,292, gaining nearly 2% in a day. Earlier in the day, Bitcoin traded as low as $116K as daily trading volumes fell by 20.19% to settle at $44.37.
While the ATH amid low liquidity levels is puzzling to investors, reports of Michael Saylor’s Strategy resuming Bitcoin purchases after a one-week pause have jolted prices. On the weekly chart, Bitcoin has gained nearly 10%, setting multiple new highs in a meteoric rally.
As the asset’s market capitalization climbed to $2.5 trillion, Alphractal CEO Joao Wedson urges caution as Bitcoin broke out with low volume, predicting a near-term correction. However, projections of higher prices for the largest cryptocurrencies have flooded the space amid heightened Trump tariffs.
This is a breaking story.
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