Bitcoin hits a new all-time high, reaching 112,000 USDT

According to OKX market data, the price of Bitcoin (BTC) broke through 112,000 USDT, setting a new record high. This increase marks the strong performance of Bitcoin in the global cryptocurrency market and has attracted widespread attention from investors.

Previously, the price of Bitcoin broke through the $110,000 mark for the first time in May, reporting $110,199.90 per coin, with a daily increase of 1.13%.

Behind the rise of Bitcoin, in addition to the continuous entry of institutional investors, the status of digital currency as a safe-haven asset has been continuously consolidated. With the expansion of the application of blockchain technology and the support of policies of some crypto-friendly countries, the Bitcoin market has shown a strong growth momentum.

Industry experts believe that the breakthrough of Bitcoin is expected to lead the rise of other cryptocurrencies and promote more traditional financial institutions to join this emerging market. Although the market has different views on the future trend of Bitcoin, the prospect of digital currency as an asset class remains optimistic.

At present, the market is concerned about whether Bitcoin can break through the key point of 120,000 USDT. As the crypto asset market matures, investors' interest in Bitcoin continues to heat up.