Bitcoin Rate Sets Absolute Record - Price Soars to $110,000

The first cryptocurrency has surpassed the $110,000 mark for the first time in history, and on the Binance exchange, the BTC/USDT rate reached $111,880, after which it corrected slightly and is trading around $110,650.

This is the result of massive accumulation by major players, including corporations and family offices. According to Presto Research analyst Min Jeong, Bitcoin’s surge above $110,000 is largely due to accumulation by companies like Strategy, Metaplanet, and Twenty One Capital. This bull run is different from previous ones, driven by institutional and long-term capital rather than retail speculation.

This points to a structural change in the market, where corporate buying supports the price, ETFs add liquidity, and reduced supply from miners and retail sellers limits the decline even in the face of profit-taking.

Against the backdrop of the overall strengthening of the crypto market, Bitcoin has become one of the leaders among the top 10 coins by capitalization, demonstrating stability even with a decrease in risk appetite on stock exchanges.

Earlier, analysts from the trading company QCP Capital stated that Bitcoin began to show steady growth , despite the difficult macroeconomic environment - the sanctions and geopolitical background, as well as the cautious position of the US Federal Reserve System (FRS).