Bitcoin hits all-time high above $113,500

On the evening of July 10, bitcoin hit an all-time high, breaking the $113,500 mark. Ethereum rose to $2800, and most of the top ten cryptocurrencies showed growth. Among them, XRP added 4.6% and Dogecoin added 6.2%.
According to Coinglass, the volatility led to nearly $600 million in futures position liquidations. The vast majority of the losses were incurred by traders betting on a falling market.
Analyst Michael van de Poppe believes bitcoin has consolidated above the key $110,500 level and could reach $150,000 in the third quarter. He noted that the current movement confirms the positive market structure.
The total cryptocurrency market capitalization exceeded $3.6 trillion, with bitcoin accounting for 62.7%. BTC growth is still correlated with the M2 global liquidity index, which is emphasized by community participants.
Previously, analyst Omkar Godbole had highlighted resistance levels at $115,000 and $223,000 as long-term targets.