Bitcoin, the leading cryptocurrency, reached a new historical peak of $112,040 on the Bitstamp exchange after more than 50 days of price fluctuations.
New Bitcoin Record
Bitcoin surpassed its previous record of $112,000 set in March. At the end of July, the cryptocurrency dipped to $98,000, but bulls managed to regain control of the market. At the start of the month, Bitcoin surged nearly to $110,000, and after a brief pause, it has now logged a new record high.
Analyst Predictions
Analyst Anthony Scaramucci of SkyBridge Capital believes Bitcoin could reach $200,000 this year. Similar expectations were voiced by Standard Chartered, forecasting growth in the fourth quarter of 2025 due to strong institutional demand. Meanwhile, Tom Lee of Fundstrat predicts Bitcoin could soar to $250,000 this year.
Market Status and Position Liquidations
In the last 24 hours, nearly $430 million worth of short positions have been liquidated, with the majority of that amount ($280 million) wiped out over the past hour. This indicates high volatility and interest in Bitcoin among traders.
The record price update for Bitcoin and forecasts for further growth confirm the sustained interest in the cryptocurrency among both investors and institutional companies.
