Bitcoin Surges to New All-Time High Above $112,000 with 2.99% 24-Hour Gain

On July 11, Bitcoin surged to a record peak, surpassing the $112,000 threshold and settling at approximately $112,438. This milestone reflects a robust 24-hour gain of 2.99%, underscoring heightened investor confidence in the leading cryptocurrency. Market analysts attribute this upward momentum to increased institutional participation and favorable macroeconomic conditions. The sustained price appreciation highlights Bitcoin’s growing role as a digital asset with significant market capitalization and liquidity. Traders and portfolio managers are closely monitoring these developments, considering the implications for broader crypto market dynamics and asset allocation strategies.