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Bitcoin Magazine
Bitcoin Hits New All Time High of $113,900 as Adoption Accelerates
A day after yesterday’s ATH where Bitcoin reached $112,000. Bitcoin immediately formally reached a new all-time excessive (ATH) of $113,900, extending its bullish run that reignited in late June. Just 18 days in the past, BTC was buying and selling around $98,000. Today’s ATH highlights the accelerating international shift toward viewing Bitcoin as both a retailer of worth and a strategic asset.
JUST IN: $113,000 #Bitcoin NEW ALL TIME HIGH! pic.twitter.com/CEiqQ8Sw7A— Bitcoin Magazine (@BitcoinMagazine) July 10, 2025
Meanwhile, $50 million value of Bitcoin shorts have been liquidated in the previous hours and over $1.5 billion value of Bitcoin quick positions are set to be liquidated at $120,000, according to knowledge from Coinglass. If Bitcoin continues its upward trajectory, a huge quick squeeze could be triggered, forcing bearish merchants to purchase back in at increased costs and further accelerating the value motion.
$1,500,000,000 value of Bitcoin shorts to be liquidated at $120,000
Bye Bye pic.twitter.com/tK0eehGgbE— Simply Bitcoin (@SimplyBitcoinTV) July 10, 2025
According to Polymarket, the world’s largest betting platform, the most seemingly final result of hitting $115,000 by the finish of July is 80% and 44% probability of hitting $120,000.
In an interview with Bloomberg, the Federal Reserve Board Member Christopher Waller is contemplating chopping rates of interest this month, which could gasoline the value of Bitcoin to go even increased.
President Donald Trump, who’s been closely pressuring Fed Chair Jerome Powell to lower rates of interest, and even referred to as for Powell to resign and be investigated by Congress, posted about the value of Bitcoin growing immediately on his Truth Social account, alongside with shares also hitting document highs. “CRYPTO, ‘Through the Roof,” the President said. “FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH.”
Earlier immediately, it was reported that 99.85% of all Bitcoin addresses have been in revenue, with that quantity hitting 100% as Bitcoin smashed through its new all time excessive above $113,900.
JUST IN: 99.85% of #Bitcoin addresses are now in revenue
Bullish pic.twitter.com/nxplx9q9To— Bitcoin Magazine (@BitcoinMagazine) July 10, 2025
Since November 16, 2022, El Salvador has been steadily buying bitcoin each day for its treasury reserves. Now, the nation has amassed over 6,233 BTC in their treasury. After immediately’s upward value motion, El Salvador’s Bitcoin reserves surpassed $700 million in worth.
EL SALVADOR'S STRATEGIC BITCOIN RESERVE SMASHES THROUGH $700M USD VALUE pic.twitter.com/NBf1jVWUAk— The Bitcoin Office (@bitcoinofficesv) July 10, 2025
This put up Bitcoin Hits New All Time High of $113,900 as Adoption Accelerates first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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