Bitcoin has surpassed the $113,000 mark for the first time, setting a new all-time high.
According to cryptocurrency exchange Coinbase, at 1:47 p.m. Eastern Time on the 10th (local time), the price of one Bitcoin was trading at $113,559, up 4.20% from the previous day. On Coinbase, Bitcoin first broke through the $112,000 level the previous day, setting a new record high since May 22, and on this day, it also surpassed the $113,000 mark.
Gary O'Shea, Head of Global Market Insights at cryptocurrency asset management firm Hashdex, analyzed that Bitcoin's upward trend is due to strong capital inflows into exchange-traded funds (ETFs), continued participation by companies adopting cryptocurrency as an asset, and an increasingly favorable regulatory environment. He stated, "Although the macroeconomic environment remains uncertain, this bull market is not over," and predicted that "new catalysts, such as the expansion of Bitcoin access platforms for institutional investors, could push the price of Bitcoin above $140,000 within this year."
At the same time, Ethereum, the second-largest cryptocurrency by market capitalization, rose 6.15% to surpass the $2,800 mark, while XRP (Ripple) also climbed to the $2.50 level, both gaining more than 5%.
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