Bitcoin Hits New All-Time High Above $112,000

Bitcoin surged to a new all-time high above $112,000 on Wednesday, its third record in 2025, driven by renewed institutional interest and favorable U.S. regulatory developments such as the CLARITY and GENIUS stablecoin bills. Demand from spot ETFs and public company treasuries has contributed to a sharp rally, further fueled by $200 million in short liquidations and strong risk-on sentiment in financial markets. President Trump's recent tariff announcements and calls for Federal Reserve rate cuts heightened volatility but ultimately supported Bitcoin as a potential safe-haven asset. Bitcoin's exchange reserves have dropped to multi-year lows, indicating strong investor holding and raising the prospect of a supply shock. The total crypto market cap rebounded to about $3.47 trillion, though it remains below its December 2024 peak, with Ethereum and other altcoins also posting significant gains. Despite intermittent pullbacks from geopolitical and macroeconomic uncertainty, technical and institutional signals point to further bullish momentum.