{"id":36144,"date":"2025-07-10T11:17:57","date_gmt":"2025-07-10T11:17:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36144"},"modified":"2025-07-10T11:17:57","modified_gmt":"2025-07-10T11:17:57","slug":"why-is-crypto-going-up-btc-briefly-touches-new-ath-of-112k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36144","title":{"rendered":"Why is Crypto Going Up? BTC Briefly Touches New ATH of $112k"},"content":{"rendered":"<div>\n<p data-start=\"361\" data-end=\"666\">Why is crypto going up? <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"111088.000000000000000\" data-change=\"2.20\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #37a72b;\">\u25b22.20%<\/span><\/a> officially broke into uncharted territory Wednesday, notching a new all-time high of <strong data-start=\"454\" data-end=\"466\">$112,040<\/strong> on Bitstamp after a 3% intraday gain.<\/p>\n<p data-start=\"361\" data-end=\"666\">The move brought Bitcoin\u2019s <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">market cap to $2.22 trillion<\/a>, while total crypto market capitalization reclaimed $3.47 trillion, levels last seen in mid-2025.<\/p>\n<p data-start=\"670\" data-end=\"819\">FUD for BTC continues with some Twitter users writing: \u201cPeople expect Bitcoin to perform as well as it did in the past ten years for the next ten years. A persistent power outage or a Chinese lab with a quantum computer will send your bags to zero.\u201d<\/p>\n<p>Still, Bitcoin keeps outrunning the S&amp;P and <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">most altcoins<\/a>, refusing to follow anyone else\u2019s script.<\/p>\n<figure id=\"attachment_258009\" aria-describedby=\"caption-attachment-258009\" style=\"width: 2433px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-258009 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39.png\" alt=\"\" width=\"2433\" height=\"785\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39.png 2433w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-300x97.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-1024x330.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-768x248.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-1536x496.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-2048x661.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-10_11-41-39-50x16.png 50w\" sizes=\"(max-width: 2433px) 100vw, 2433px\"><figcaption id=\"caption-attachment-258009\" class=\"wp-caption-text\">(<strong><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=PIONEX%3ASUIUSDT.P\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD<\/a><\/strong>)<\/figcaption><\/figure>\n<h2 data-start=\"1060\" data-end=\"1119\">Tariffs, Rate Bets, and the Return of Bitcoin as a Hedge<\/h2>\n<p data-start=\"1121\" data-end=\"1390\">The rally came just days after President Donald Trump announced <a class=\"general-link\" title=\"Trump Media Crypto Blue Chip ETF: BTC, ETH, SOL, XRP, CRO On The List\" href=\"https:\/\/99bitcoins.com\/news\/presales\/trump-media-crypto-blue-chip-etf-btc-eth-sol-xrp-cro-on-the-list\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">new tariffs<\/a> on several countries including Japan, South Africa, and Malaysia, with some rates reaching 40%. 99Bitcoins analysts say this geopolitical uncertainty has boosted Bitcoin\u2019s appeal as a macro hedge.<\/p>\n<p data-start=\"1121\" data-end=\"1390\">This milestone also triggered a flood of liquidations with <strong data-start=\"875\" data-end=\"893\">$484.7 million<\/strong> in total, and <strong data-start=\"909\" data-end=\"925\">$223 million<\/strong> from Bitcoin shorts alone.<\/p>\n<blockquote>\n<p data-start=\"1121\" data-end=\"1390\">\u201cBitcoin\u2019s increasing status as a safe haven asset in the face of fiat debasement\u2026 confirmed by the first US state signing a Bitcoin reserve bill into law.\u201d \u2014 <em data-start=\"1555\" data-end=\"1589\">Katalin Tischhauser, Sygnum Bank<\/em><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I don&#8217;t think most people understand the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$BTC<\/a> rally we are about to see\u2026 <a href=\"https:\/\/t.co\/GgIanG2Put\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/GgIanG2Put<\/a><\/p>\n<p>\u2014 Coinvo (@ByCoinvo) <a href=\"https:\/\/twitter.com\/ByCoinvo\/status\/1942554265047761195?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 8, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u00a0<\/p>\n<p data-start=\"1591\" data-end=\"1853\">Bitcoin\u2019s uptrend, which began following Trump\u2019s Liberation Day speech in April, has coincided with growing dislocation from traditional assets.<\/p>\n<p data-start=\"1591\" data-end=\"1853\">According to Sygnum Bank, Bitcoin has increasingly decoupled from the S&amp;P 500, particularly during equity corrections.<\/p>\n<h2 data-start=\"2470\" data-end=\"2521\">Derivatives Market Reset Could Fuel Continuation<\/h2>\n<p data-start=\"1911\" data-end=\"2174\">Supporting the breakout is a sharp <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">decline in Bitcoin reserves<\/a> held on exchanges, a key signal that long-term holders are tightening supply. According to Glassnode, exchange balances fell from 3.11 million BTC in March to 2.99 million BTC by late May.<\/p>\n<p data-start=\"2312\" data-end=\"2468\">This drop in available supply suggests a possible supply shock in the making.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Anthony Pompliano tells CNBC: <\/p>\n<p>&#8220;Every Wall Street firm and asset manager will adopt <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#Bitcoin<\/a> and crypto. <\/p>\n<p> They won&#8217;t have a choice!&#8221; <a href=\"https:\/\/t.co\/YamBZOsWib\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/YamBZOsWib<\/a><\/p>\n<p>\u2014 Bitcoin News (@BitcoinNews21M) <a href=\"https:\/\/twitter.com\/BitcoinNews21M\/status\/1938370578810876405?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">June 26, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"2523\" data-end=\"2678\">Wednesday\u2019s price surge followed a heavy liquidation of overleveraged short positions, clearing out weak hands and setting the stage for a healthier trend.<\/p>\n<p data-start=\"2850\" data-end=\"3119\">Meanwhile, Bitcoin\u2019s exchange-traded volume reached $28.18 billion, marking a significant increase in momentum heading into mid-July. With investor sentiment firming and institutional flows returning, the market may be entering the early phases of a new bull cycle.<\/p>\n<h2 data-start=\"3121\" data-end=\"3136\">What\u2019s Next For BTC? (Good Things)<\/h2>\n<p data-start=\"3138\" data-end=\"3373\">Bitcoin is now just 7% below the total crypto market\u2019s all-time high valuation of <strong data-start=\"3220\" data-end=\"3238\">$3.73 trillion<\/strong>, set in December 2024. With short interest reduced and macro conditions favoring hard assets, the next few weeks will prove decisive.<\/p>\n<p data-start=\"3375\" data-end=\"3557\" data-is-last-node=\"\" data-is-only-node=\"\">As long as spot flows stay dominant and exchange reserves continue to decline, Bitcoin appears well-positioned to extend its lead, and, hopefully for us altcoin holders, take the rest of the market with it.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/tether-ceo-paolo-ardoino-hopes-for-net-positive-from-us-elections-says-bitcoin-strategic-reserve-is-a-great-idea-99bitcoins-exclusive\/\" target=\"_blank\" rel=\"noopener\">Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        BTC officially broke into uncharted territory Wednesday, notching a new all-time high of <strong data-start=\"454\" data-end=\"466\">$112,040<\/strong> on Bitstamp after a 3% intraday gain.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        All eyes are on Powell this month as inflation lingers and labor metrics soften.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/why-is-crypto-going-up-btc-briefly-touches-new-ath-of-112k\/\">Why is Crypto Going Up? BTC Briefly Touches New ATH of $112k<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is crypto going up? BTC \u25b22.20% officially broke into uncharted territory Wednesday, notching a new all-time high of $112,040 on Bitstamp after a 3% intraday gain. The move brought Bitcoin\u2019s market cap to $2.22 trillion, while total crypto market capitalization reclaimed $3.47 trillion, levels last seen in mid-2025. FUD for BTC continues with some [&hellip;]<\/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-36144","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\/36144","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=36144"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36144\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}