{"id":25222,"date":"2025-07-10T10:18:27","date_gmt":"2025-07-10T07:18:27","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-the-112000-mark\/"},"modified":"2025-07-10T10:18:27","modified_gmt":"2025-07-10T07:18:27","slug":"bitcoin-tests-the-112000-mark","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-the-112000-mark\/","title":{"rendered":"Bitcoin tests the $112,000 mark"},"content":{"rendered":"

On the evening of July 9, amid a burst in trading volumes, the digital gold set a new ATH<\/span> at $111,999.79 in the BTC\/USDT pair on the largest crypto exchange, Binance.<\/p>\n

<\/p>\n

\"1-BTCUSDT_2025-07-10_10-03-00_4276b\"
Hourly chart of BTC\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Over the past 24 hours the asset rose 2.2%, and its market capitalisation topped $2.2 trillion.<\/p>\n

However, according to services such as CoinGecko<\/a> and CoinMarketCap<\/a>, the peak of the average price across venues was reached on May 22 at $111,814 and $111,970, respectively.<\/p>\n

As usual, bitcoin\u2019s upswing stirred altcoins. Among the top ten, Ethereum, XRP, Solana and Dogecoin posted stronger daily gains \u2014 6.5%, 4.2%, 3.3% and 5.4%, respectively.<\/p>\n

\"top-10-23\"
Top ten cryptocurrencies by market capitalisation. Data: CoinGecko<\/a>.<\/figcaption><\/figure>\n

\u2018Whale\u2019 fundamentals<\/h2>\n

One key driver of demand may be growing interest from institutions and corporates. After the Michael Saylor\u2013founded Strategy \u043f\u0440\u043e\u0434\u0435\u043c\u043e\u043d\u0441\u0442\u0440\u0438\u0440\u043e\u0432\u0430\u043b\u0430<\/a> a successful strategy of accumulating digital gold, many other companies followed.<\/p>\n