Bitcoin soars to new all-time high above $112K as traders liquidate shorts

Bitcoin soared to another record high, driven by growing global investor demand for risk assets and a $200 million liquidation of BTC shorts near a critical overhead resistance level.

Bitcoin’s

BTC

$117,797

price surpassed the $112,000 all-time high for the first time on Wednesday, after rising 5.95% during the past week.

BTC

67,941.4

+1.23%

ETH

1,983.85

+1.28%