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The Bitcoin price finally reaches a new all-time high! The record value of $111,970, which BTC set in May, has been broken. Around 8:00 a.m. Swiss time, the cryptocurrency rose to a new high of $118,403. In the daily trend, the digital asset is up 6.00 percent.
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Bitcoin Price Reaches New All-Time High above $118,000
The Bitcoin price reached a new all-time high (ATH) this morning. Bitcoin’s new record value is therefore $118,403, as data from CoinMarketCap shows. The largest cryptocurrency set the new ATH after price gains of 6.00 percent were achieved within one day.
- Bitcoin
(BTC) - Price $121,915.00
- Market Cap
$2.43 T
Just yesterday, CoinPro reported on the growing euphoria in the crypto market. The Bitcoin price came dangerously close to its last all-time high of $111,970. Ultimately, BTC narrowly failed to reach a new record value.
However, Bitcoin’s successful rise to a market value of more than $111,000 yesterday already drew attention to a greedy mood. In the meantime, this was able to cause the outbreak of a new bull market.
In the daily trend, the total value of the crypto market shot up 5.56 percent to $3.66 trillion. Although BTC has already made remarkable gains in the daily trend, many altcoins have achieved even more massive price gains.
Ethereum, for example, is up seven percent, Dogecoin is up 8.33 percent, and Cardano is currently the most profitable cryptocurrency in the top 10 with a 12.60 percent gain.
Enormous Altcoin Season ahead? This is how the Bull Market Continues
Many price analysts expect the Bitcoin price to record significant gains from this point. Crypto expert Arthur Hayes has been insisting on a yearly high of $250,000 for months. According to this, Bitcoin’s market value should more than double by the end of 2025.
In addition, the market analyst predicted a Bitcoin price rally that would continue until late autumn. If this forecast proves true, BTC should constantly write new green numbers over the coming months.
By 2026, an altcoin season should ultimately continue. According to Hayes’ latest assessment, this brings enormous potential. After Bitcoin reached its new high today around 8:00 a.m. Swiss time, the analyst spoke up via X.
“In my last text, I was slightly pessimistic about the TGA replenishment. What has changed? BTC broke the all-time high with good volume.”
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Hayes was therefore surprised by the extremely bullish mood. He did not expect such great euphoria, as the Treasury General Account (TGA) received new capital. In other words: The US Treasury is tying up capital from the financial markets.
In the meantime, the US American is on fire for the new market situation. He expects particularly significant price gains from Ethereum and Altcoins.
“ETH follows and will outperform. Get ready for a monstrous altcoin season”, Hayes wrote on X.
The trading activity of the crypto market seems to be intensifying at the moment. In the course of the day, further price gains could therefore continue for BTC and Co. At the editorial deadline, Bitcoin is trading at $117,990. The trading volume is $119 billion over 24 hours – a doubling since yesterday’s value of $59 billion.
