Oh, the joys of cryptocurrency! Bitcoin, that digital darling, has once again shattered its previous all-time high on Wednesday, reaching an unprecedented $112,040 per coin.
The cryptocurrency appreciated 3% against the U.S. dollar on July 9, registering a new record on Bitstamp at $112,040. Bitcoin’s market capitalization now rests at $2.221 trillion, accompanied by $28.18 billion in volume exchanged throughout the day. This upward movement nudged the entire digital asset market 3.02% higher, lifting total valuation to $3.47 trillion. 🎉
The spike also ignited a cascade of liquidations, triggering $484.72 million in closed positions across derivatives platforms. Of that, $223 million stemmed from bitcoin short sellers liquidated after the asset climbed from the $109K zone to the day’s record peak. As of 4:15 p.m. Eastern time, bitcoin’s price has retreated slightly, now trading at $111,297. 😜
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2025-07-09 23:57