Bitcoin (BTC) Has Officially Shattered Records, Reaching an All-Time High of $109,721

Bitcoin has officially shattered records once again, reaching an all-time high of $109721 on CoinMarketCap this afternoon.

Bitcoin has officially hit a new all-time high today, reaching $109,721 on CoinMarketCap. The monumental surge comes after BTC spent the morning trading in the low $106K range, only to gain momentum and smash previous highs.

At press time, Bitcoin is trading at $108,516, marking a 1.70% increase over the past 24 hours. The currency is trading at its highest point since hitting its previous ATH of $109,400 on January 20th. Following months of retraction, the market-leading currency now appears to be reclaiming its bullish momentum.

But the action didn’t stop there. The 24-hour trading volume for Bitcoin soared, hitting $80 billion traded in a single day as investors piled into the trend. This surge in activity underscores the intense market interest surrounding BTC’s current run, with traders either rushing to capitalize on the movement or reposition amid the chaos.

Investors who were shorting BTC ahead of its new ATH ended up leaving the day with huge losses. Nearly $98 million in short positions were liquidated as BTC broke through its previous ceiling, shaking out those betting against the cryptocurrency’s rise. The largest single liquidation order was recorded on Bybit’s BTCUSDT market, amounting to a $2.79 million wipeout, according to data from CoinGlass.

Bitcoin’s explosive rally has sparked discussions about the next stage for the market. After facing serious turbulence following Trump's presidency, the digital assets market now seems to be regaining stability and momentum.

If you’re just getting started on WEEX, there’s also a welcome bonus available through the Bitcoinsensus link. New users can claim a 20% deposit bonus, with rewards of up to 400 USDT as part of a broader 30,000 USDT welcome pool. It’s a simple way to boost your initial trading capital while exploring the platform.