Bitcoin passes the USD $ 112,500 by establishing a new historical record

By Hannah Pérez

The sudden price jump caused a waterfall of short positions in the cryptocurrency market for more than USD $ 70 million in just 60 minutes.

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• Bitcoin ensures a new historical price of USD $ 112,759.
• The cryptocurrency is larger than Google in terms of market capitalization.
• The price jump activated short settlements for more than USD $ 500 million in the market.
• Bitcoin ETFs also reach a milestone. Bitcoin towards USD $ 200K this year?

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Bitcoin (BTC) an unprecedented price on the graphics after exceeding the USD $ 112,000.

The oldest and oldest cryptocurrency in the world broke a New Historical Price of USD $ 112,759 On Thursday, around 12:30 hours New York, in the middle of a rebound of just over 3% in the last 24 hours, according to data from Coinmarketcap.

Market capitalization Bitcoin It reached a new top of USD $ 2.24 billion, consolidating cryptocurrency as the world’s largest sixth active, just behind Amazon and above Google.

The widest cryptocurrency market reflected the price upward movement, with some main altcoins, even more than Bitcoin. Ethereum (ETH), the second largest digital currency, emerged momentarily over USD $ 2,810 on Thursday in a daily gain of 5.34% at the time of writing these lines.

Also xrp, Solarium (SUN), Dogecoin (Doge) and Cardano (ADA), they saw price increases of between 2% and 6%, while Sui (SUI) was among the main winners of the day with an increase of 14% at one time on Wednesday.

Sudden Liquidations wave

The sudden jump in prices resulted in mass settlements for more than USD $ 500 million in the last 24 hours. The data of Coinglass They show that the cryptocurrency market faced the unexpected closure of short positions for a value of USD $ 77.55 million only in the last 60 minutes, taking to USD $ 530 million the short settlements from yesterday at the same time.

In the last 24 hours, just over 143,000 individual operators were liquidated, with the total liquidations currently ascending to USD $ 597.71 million –short and long. The largest liquidation order occurred in centralized exchange HTX By a position in Bitcoin worth $ 51.56 million, according to the data source cited.

Bitcoin On its own, it faced liquidations for more than USD $ 51 million in the last hour and around USD $ 273 million in 24 hours, with more than USD $ 260 million of that last figure representing short positions.

Cryptocurrency settlements occur when a Exchange It necessarily closes an leverage (long or short) position of a merchant because it cannot meet the margin requirements, often due to adverse prices movements.

Bitcoin to break the USD $ 200K this year?

Bitcoin He momentarily broke a new maximum when he reached the USD $ 112,000 on Wednesday before a slight reverse. Together with the climb, the funds quoted in the stock market (ETF) of Bitcoin in cash in the USA.

The uninterrupted flow of entries in the ETFs during the last months, suggests a constant and sound demand for institutional investors as Bitcoin It benefits from macro events. The analysts of Standard Chartered They have projected that BTC is heading to USD $ 135,000 before October and could USD $ 200,000 by the end of 2025.

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Hannah Estefanía Pérez / Diariobitcoin

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