<ul data-eligibleForWebStory="false"><li>Bitcoin has surged above $118,000, setting a new all-time high at $118,403 after a 6% rise in 24 hours.</li><li>The surge led to over $425 million in short liquidations within an hour, prompting analysts to predict a target range of $150,000 to $180,000 due to strong demand.</li><li>Institutional demand, major corporate investments, and bullish forecasts have fueled Bitcoin's price momentum.</li><li>Altcoins like Ethereum, Dogecoin, and XRP have also surged, with traders reallocating capital into major altcoins driven by positive market sentiment.</li></ul>

Bitcoin Blasts Past $118K to Hit New All-Time High- Eyes Turn to $150K Target

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