Bitcoin reaches all-time highs as it surges beyond $113,000

Bitcoin continues to smash all-time high records, as the leading cryptocurrency broke $113,000 on Thursday, according to data from Binance. After flirting with a new high on Wednesday, topping $112,000 according to some exchanges, a surge on Thursday pushed it above previous thresholds, with prices nearing $114,000 as of publication.

The climb continues a torrid summer for the popular digital asset, which has spent most of the past few months above $100,000, a benchmark it first reached in December 2024 before dipping back to $75,000 in April.

The months-long rally can be largely attributed to the election of President Donald Trump in November, who embraced crypto on the campaign trail and promised a series of crypto-friendly…

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