Bitcoin, the leading cryptocurrency by market cap, reached a new all-time high of $113,541 at 17:41 UTC on the Bitstamp exchange, surpassing the $113,000 level for the first time.
According to CoinGlass data, $575 million worth of short positions have been liquidated over the past 24 hours amid Bitcoin's impressive breakout.
The market cap of the leading cryptocurrency has now swelled to $2.25 trillion.
Notably, Bitcoin is now close to surpassing retail giant Amazon by market cap for the first time.
Meanwhile, some analysts are already eyeing $125,000 as a potential short-term target for the flagship coin.
Wen $125k? https://t.co/6TZnxOBi3l
— Ryan Rasmussen (@RasterlyRock) July 10, 2025
