Bitcoin price hits new all-time high as coinbase, strategy shares rise

Bitcoin Reaches New All-Time High Above $112,000

Bitcoin has achieved a significant new all-time high, surging past $112,000 on Wednesday. This is the first record price level achieved by the cryptocurrency since May.

The price surge follows a period of volatility, including a brief dip below $100,000 in late June. Despite this, Bitcoin is now up approximately 20% for the year, showing strong recovery. After briefly exceeding $112,000, it settled around $111,000 recently.

Market Impact and Future Outlook

The price increase triggered substantial market activity, with nearly $340 million in Bitcoin short positions liquidated across exchanges around the time of the peak, according to Coinglass. This highlights the risks of shorting Bitcoin during upward trends.

Looking ahead, some experts anticipate that companies will continue adopting Bitcoin as a reserve asset in the second half of 2025. This potential institutional buying could offer further support for Bitcoin's price.

However, the likelihood of a U.S. government strategic Bitcoin reserve being established this year is perceived as substantially lower now than previously, based on predictions on Polymarket. This suggests the market's focus might be more on corporate and individual adoption.

Related Market Movements

Related public companies saw gains alongside Bitcoin. Shares of crypto exchange Coinbase Global (COIN) and major Bitcoin holder Strategy (MSTR) both rose roughly 5% on Wednesday. This aligns with the broader positive trend in the stock market, particularly among tech stocks, with the Nasdaq Composite also reaching a record high.

Key Takeaways for the Investor:

• Bitcoin achieved a new ATH above $112k, its first since May.
• It's up ~20% year-to-date despite recent dips.
• Significant short liquidations occurred, showing market volatility.
• Anticipation of continued corporate adoption in H2 2025 is a key driver.
• Government reserve expectations have decreased; focus is on corporate/individual adoption.
• Related stocks like COIN and MSTR also reacted positively.

Understanding these trends is crucial for navigating the current crypto market.