Bitcoin Price Hits New Record. Why Crypto Is Surging.
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Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.
Bitcoin futures open interest hits $72B as BTC nears $113K. Analysts eye $117K–$120K if resistance breaks. Here’s what traders need to watch.
Tracking the "realized price," or the average price at which bitcoin BTC is withdrawn from all exchanges to estimate a market-wide cost basis is a more valuable tool for gauging investor profitability and potential inflection points in market sentiment.
Bitcoin prices retreated from record territory early Friday as President Trump's latest tariff threats rattled markets. The price of a single coin was off by nearly 3% in recent trade at $108,137, according to data from CoinDesk.