Bitcoin hits another milestone, passing $113,000 for new high
Fresh off yesterday’s new record, bitcoin set a new all-time high today, crossing $113,00 less than 24 hours later.
Alexander Blume, CEO of Two Prime, told Sherwood News that bitcoin momentum has been quietly building for weeks, culminating in the milestone.
“Rather than a single spark, this move reflects growing adoption: public companies committing eight- and nine-figure sums to BTC, regulators easing their stance, and short sellers flushed out at the 110k/111k levels. With volatility at historic lows, the market was ready for a breakout,” he said.
“Rather than a single spark, this move reflects growing adoption: public companies committing eight- and nine-figure sums to BTC, regulators easing their stance, and short sellers flushed out at the 110k/111k levels. With volatility at historic lows, the market was ready for a breakout,” he said.
