Bitcoin Price Hits New ATH of $112k: Is the 2025 Altseason Here?

Bitcoin has reached a new all-time high of $112,000, surpassing its previous record of $111,814. With a market capitalisation exceeding $2.2 trillion and a daily trading volume spike of 23.7%, the surge is attributed to increasing institutional interest and a mix of retail sentiment. The rally is also impacting the altcoin market, raising the possibility of a short squeeze and suggesting an imminent altseason.

In a surprising turn of events, Bitcoin (BTC) has surged to a new all-time high (ATH) of around $112,000 on various cryptocurrency exchanges, particularly leading the charge on Binance. This increase marks a rise of more than 2 percent in just the past 24 hours, pushing BTC past its previous record of approximately $111,814 set back in May 2025.

This remarkable rally comes as Bitcoin’s market capitalisation climbed over $2.2 trillion, with daily trading volumes experiencing a notable jump of 23.7 percent, now sitting around $53.7 billion during the mid-North American trading session. Such performance has elevated Bitcoin’s status, making it the fifth most valuable asset worldwide, even surpassing Alphabet (Google) which has a market cap of about $2.15 trillion.

What’s driving this sudden uptick? Well, analysts at Coinpedia recently pointed out that Bitcoin’s price had stagnated amidst a backdrop of growing interest from institutional investors and new regulatory clarity in the crypto space. Over the last four months, for instance, U.S. spot Bitcoin exchange-traded funds (ETFs) attracted more than $13 billion in net cash inflows, predominantly from major players like BlackRock’s IBIT and Fidelity’s FBTC.

Market insights from Santiment reveal that today’s price surge has been driven by a mix of retail investor boredom—often referred to as FUD (Fear, Uncertainty, and Doubt)—and a significant psychological barrier that Bitcoin faced around the $109,000 mark. This comes in the midst of renewed tariffs and geopolitical issues led by the U.S., which created an atmosphere ripe for volatility.

The ripple effect of Bitcoin’s rally is being felt across the altcoin landscape, with Ethereum (ETH), XRP, and Solana (SOL) also witnessing positive movements. In fact, following Bitcoin’s sudden price pump, there were reports of over $496 million worth of liquidations, chiefly from those holding short positions. This raises the probability of a short squeeze, which, if it occurs, could generate further bullish momentum for Bitcoin in the near-term.

According to James Seyffart, who covers ETFs and cryptocurrency for Bloomberg, we might just be at the beginning of an altseason for 2025, potentially triggered by Bitcoin’s latest leap towards this significant new milestone.