Seeing orange

Bitcoin hits new all-time high, passing $112,000

Experts think bitcoin will continue its upward trajectory in the coming months.

7/9/25 4:05PM

Bitcoin hit a new all-time high today, crossing $112,000 for the first time, passing the previous record of $111,970 reached on May 22, aka Bitcoin Pizza Day.

“Bitcoin has performed far better than the doom-and-gloom proponents had been predicting over the last several months, and reaching an all-time high during such macroeconomic and geopolitical uncertainty is a testament to it becoming a globally recognized and accepted asset,” Sidney Powell, CEO of Maple Finance, told Sherwood News.

Powell said that while he’s not big on predictions, he “would not be surprised to see bitcoin surpass $150,000 by the end of the year.”

Geoff Kendrick, global head of digital assets research at Standard Chartered Bank, wrote in a July 2 note that bitcoin will reach another all-time high “to around USD 135,000 by end-Q3 and to USD 200,000 by end-Q4.”

He added that he expects the second half of 2025 to be bitcoin’s “best ever” thanks to ETF and corporate treasury buying, Powell’s potential “early replacement,” the passage of a stablecoin bill, and the broadening of sovereign buying.

Others are even more bullish, projecting bitcoin to reach $200,000 to $230,000 by the end of the year.

“Quantitative models estimate bitcoin’s hypothetical ‘fair value’ amid the current sovereign default probabilities at around 230k USD today. This estimation is dovetailed by bitcoin’s increasing scarcity which also points to an ascend towards 200k USD by the end of the year,” Bitwise researchers André Dragosch and Ayush Tripathi wrote on June 10.

Sage D. Young

6/5/26

Zcash nosedives after counterfeit vulnerability revealed

The privacy-focused cryptocurrency has dropped more than 40% in the last 24 hours, shedding $3.8 billion in market capitalization.

$62B

Yaël Bizouati-Kennedy6/5/26

Bitcoin digital asset treasuries (DATs) have taken a big hit amid bitcoin’s tumble, shedding $62 billion in value since the asset’s October 6 all-time high, Artemis data shows, with their fully diluted market cap dropping to $72 billion from $134 billion in early October.

Meanwhile, bitcoin, which has fallen below $62,000 on Friday morning, is down 50% from its all-time high. DAT pioneer Strategy’s market cap stood at $102.2 billion on October 6, according to Macro Trends, and is now down to $45.6 billion, a 55% decline. Strategy has been in hot water since it sold 32 bitcoin earlier this week, and because its digital credit instrument, STRC, has been trading below its par value. Shares of Strategy are down 17% in the past week.

Sage D. Young6/4/26

“Sentiment for crypto is firmly in the gutter” as sector sinks, with tokens hitting multiyear lows

On Thursday, altcoins swept lower as bitcoin weakened. The tokens with the biggest losses in the last 24 hours are NEAR, ethena, and Zcash, each declining double digits in the period.

Other tokens have dropped to lows not seen in over a year in the past 24 hours:

Ethereum dropped 4.4% to under $1,780, a level not seen since April 2025.
XRP declined 4.5% to an 18-month low last hit in November 2024.
Solana decreased 6% to trade below the $70 mark, its lowest price since December 2023.
Dogecoin slid below $0.09, a 27-month low last seen in February 2024.

“Sentiment for crypto is firmly in the gutter as fears surrounding BTC/STRC and its potential overflow compound and overshadow anything that can be read as positive news (e.g. CLARITY movements),” according to Sean Dawson, head of research at crypto options platform Derive.xyz.

“[Altcoins] are high beta plays to BTC and are typically sold heavily in a downturn. Simply put, I’d be even more bearish on alts,” Dawson told Sherwood News.

“Further, liquidity has been drained into this year’s ‘superhot’ narrative of AI/data centers. In other words, there are just better, more exciting opportunities elsewhere,” Dawson added.

One cryptocurrency that has bucked the downtrend has been worldcoin, the native token for World, the digital identity project backed by OpenAI CEO Sam Altman. While the broader crypto market has been pushing lower, WLD has jumped nearly 5% in the last 24 hours and 90% in the past seven days, data from CoinGecko shows.

Yaël Bizouati-Kennedy

6/4/26

Bitcoin nears February lows amid $1.4 billion exiting its ETFs

“This week has been painful in crypto. There is really no other way of putting it.”