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Bitsky

07/10 12:56

Bitcoin (BTC) Soars Past $112,000:  Is $120,000 th

Bitcoin (BTC) Soars Past $112,000:  Is $120,000 the Next Stop in July?

Bitcoin reached $112,040 amid ETF inflows and whale support, breaking out of a weeks-long consolidation near its May highs.

Price now trades near $111,300, holding above $110,000 as traders eye $112,568 and possible moves toward $115,000–$121,000.

Market volume jumped 78.67% to $98.5 billion; open interest rose 8.19%, signaling growing confidence among crypto traders.

Bitcoin made an all-time high of $112,040 on Wednesday. The advance followed a break-out of weeks of price consolidation, just under its May high. Although there was not a single catalyzing event, the move was driven by institutional interest, especially that of spot ETFs. Momentum indicators were also helpful in driving the price to increase.

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