<ul data-eligibleForWebStory="false"><li>Bitcoin surged to a new all-time high above $112,000, driven by increasing global investor demand and significant liquidation of BTC shorts.</li><li>This price rally helped the total crypto market capitalization rise to $3.47 trillion, below the record $3.73 trillion from December 2024.</li><li>Factors contributing to the rally include President Trump's new tariffs, on-chain accumulation, and Bitcoin's growing status as a safe-haven asset.</li><li>Analysts observe a shift towards spot buyer dominance and decreasing exchange reserves, signaling potential for a supply shock-driven rally in Bitcoin.</li></ul>

Bitcoin soars to new all-time high above $112K as traders liquidate shorts

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