A day after yesterday’s ATH in which Bitcoin reached $ 112,000. Bitcoin today has officially reached a new maximum of all time (ATH) of $ 113,900, extending its bullish race that has rekindled at the end of June. Only 18 days ago, BTC was exchanging about $ 98,000. Today’s ATH highlights the acceleration of the global passage to the display of Bitcoin both as a value shop and as a strategic resource.
Meanwhile, Bitcoin shorts for a value of $ 50 million have been paid in the last hours and over $ 1.5 billion short bitcoin positions are intended to be liquidated at $ 120,000, according to masonry data. If Bitcoin continues its trajectory upwards, you could activate a large short narrow, forcing the bearish traders to regain at higher prices and further accelerate the action of the price.
According to Polymarket, the largest betting platform in the world, the most probable result of hitting $ 115,000 by the end of July is 80% and 44% probability of hitting $ 120,000.
In an interview with Bloomberg, the member of the Federal Reserve Board Christopher Waller is taking into consideration the reduction of interest rates this month, which could feed the Bitcoin price to climb even higher.
President Donald Trump, who strongly pushed the president of the Fed Jerome Powell to cut the interest rates and even asked that Powell would resign and be investigated by Congress, published the price of Bitcoin which increases today on his social account of the truth, together with titles that have also affected the maximum records. “Crypto”, through the roof, “said the president.” Fed should quickly reduce the rate to reflect this force. “
Today, it has been reported that 99.85% of all Bitcoin addresses were in profit, with that number that affects 100% while Bitcoin broke through its new maximum of all times above $ 113,900.
From 16 November 2022, El Salvador has constantly purchased Bitcoin every day for his treasure reserves. Now, the country has accumulated over 6,233 BTCs in their treasure. After today’s rise movement today, El Salvador’s bitcoin reserves have exceeded $ 700 million.