The cryptocurrency market has launched an exciting wait for the new record of the highest price ever. Bitcoin prices have recently exceeded $107,000.
BTC prices broke the record high of all-time price record on January 20th, 2025 at $109,114. An increase of 2.23% from the current level of $106,534 is a record.
However, considering US inflation, the BTC price should exceed $110,187 to reach the January purchase price.
Optimism in BTC is rising as concerns about US fiscal debt grows. Uncertainty remains about the government’s plans to reduce spending while achieving economic growth, particularly in light of ongoing differences between Democrats and Republican lawmakers. This could be the source of the gathering.
The rise in BTC prices has led to massive liquidation in the last 24 hours. The cryptocurrency market saw a $223 million liquidation on the last day. These $112 million were recorded in strengths, with $111 million being recorded in short positions.
BTC prices have risen in the past few minutes.
*This is not investment advice.
