Bitcoin’s Rally To $112,000: Yes, It’s Different This Time
Bitcoin (CRYPTO: BTC) briefly surged past $112,000 on Wednesday, marking a fresh all-time high and reigniting debate over whether the crypto market is entering a new bullish cycle or settling into a period of institutional-led maturity.
Unlike past parabolic rises driven by retail speculation, this rally is being described by industry leaders as measured, structurally sound, and driven by long-term forces.
“Bitcoin’s appeal as programmable gold is becoming harder to ignore,” said Leo Fan, co-founder of compute infrastructure firm Cysic, speaking with Benzinga. “Institutional demand is no longer a prediction—it’s here. With ETFs live and global macro tensions rising, Bitcoin is gaining recognition as a long-term hedge.”
The current run has seen BTC rise more than 17% year-to-date, closing Wednesday at $110,789 according to Benzinga Pro. But it’s not just the price action that’s drawing attention, it’s the changing nature of the rally itself.
Dan Hughes, founder of Radix DLT, noted that while Bitcoin’s new highs are technically significant, the lack of explosive upside momentum may actually be …
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