Bitcoin surged to a new all-time high of $112,055 on Tuesday, breaking past its previous record and signalling renewed investor confidence amid global economic uncertainty, reports Coin Journal.
The fresh milestone comes as the world’s largest cryptocurrency recovers from recent volatility driven by President Donald Trump’s tariff measures and wider macroeconomic challenges.
The rally surpassed the earlier peak of $111,970 recorded on May 22, breaking through the psychological resistance around $110,000 that had previously triggered repeated bouts of profit-taking and selling pressure.
This week’s breakout suggests bullish momentum has regained control, with investor sentiment buoyed by institutional demand and policy tailwinds.
Institutional participation continues to grow, led by Wall Street-backed spot ETFs and strategic endorsements from the Trump administration.
BlackRock’s iShares Bitcoin Trust now holds around 3.5% of Bitcoin’s total supply, cementing the asset’s position within mainstream finance.
At the time of reporting, Bitcoin’s market capitalisation stood at $2.18 trillion, roughly 65% of the entire crypto market’s $3.4 trillion valuation.
Since crossing the $100 mark in 2013, Bitcoin’s journey has marked a decade of dramatic milestones, including its previous high of $76,999 after Trump’s re-election in November 2024 and its $100,000 breakthrough last December.
The current momentum is viewed by traders as a continuation of that upward trajectory, with declining volatility and rising ETF inflows pointing to further gains.
Crypto-related equities have also rallied, with MicroStrategy, Coinbase, and major mining firms gaining between 4% and 6% in recent sessions.
While the next technical barrier lies near $113,000, any progress in global trade talks or easing in interest rates could propel Bitcoin further, potentially past the $120,000 mark in the coming weeks.