{"id":36054,"date":"2025-07-09T20:16:45","date_gmt":"2025-07-09T20:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36054"},"modified":"2025-07-09T20:16:45","modified_gmt":"2025-07-09T20:16:45","slug":"bitcoin-records-new-all-time-high-breaks-above-mays-peak","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36054","title":{"rendered":"Bitcoin Records New All-time High: Breaks Above May\u2019s Peak"},"content":{"rendered":"
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After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000.<\/p>\n

Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

After the peak reached on Bitcoin Pizza Day (May 22), the primary cryptocurrency started to lose some ground, which culminated precisely a month later with a price dump to $98,000 during the Iran-Israel war.<\/p>\n

However, the bulls managed to contain the losses, and BTC quickly topped $100,000. In fact, the asset hasn\u2019t traded within a five-digit price territory in over two weeks.<\/p>\n

July started with a slight stagnation, though, as bitcoin remained stuck between $105,000 and $110,000. However, the cryptocurrency went on the offensive hard in the past few hours, breaking above the upper boundary and surging to a fresh all-time high at exactly $112,000 (on Bitstamp and many other exchanges) minutes ago.<\/p>\n

Among the possible reasons behind today\u2019s surge came a few hours ago when US President Trump urged<\/a> the Federal Reserve to cut the rates by 300bps. Such a potential historic move is expected to benefit riskier assets like BTC and crypto.<\/p>\n

Many altcoins have followed suit<\/a> on the way north, charting gains of close to 10%. ETH, for example, has risen by more than 6% since this time yesterday and trades close to $2,800.<\/p>\n

This volatility has harmed over-leveraged traders, resulting in more than $480 million in daily liquidations. The number of wrecked traders sits at 100,000, according to CoinGlass, most of which were from shorts.<\/p>\n

One particular position stands out as the single-largest liquidation; it happened on HTX and was worth over $51 million.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post Bitcoin Records New All-time High: Breaks Above May\u2019s Peak<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin\u2019s price finally broke above it and charted a fresh all-time high at $112,000. Many altcoins mimicked BTC\u2019s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market. BTCUSD. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36054","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36054"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36054\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}