Bitcoin Soars to Fresh Record at $118K, Forecasts Hint at $130K by

Bitcoin

Bitcoin ATH

Over $1.14b in leveraged crypto positions were liquidated in 24 hours, with short traders hit hardest and Bitcoin alone accounting for $591m.

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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14 hours ago

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Bitcoin surged to a record high above $118,600 on Friday, lifted by accelerating institutional demand, surging ETF inflows and renewed political tailwinds from the Trump administration.

The latest rally caught traders off guard and triggered the highest wave of liquidations in years, signaling a powerful shift in momentum.

As of 05:55 am ET, Bitcoin had broken past the earlier high of $113,734 set just hours prior. The world’s largest cryptocurrency is now up roughly 24% year-to-date, with analysts eyeing $130,000 as the next key level.

The latest price spike came as market structure turned decisively bullish, according to 10X Research.

Traders Rush to Reposition After Quiet Volatility Triggers Bullish Setup.

In a note to clients, the firm said a short-term breakout signal had been triggered, historically followed by median gains of 20%. That would imply a price target near $133,000 by September.

“Our trading signals indicate that this...

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