Bitcoin Magazine Bitcoin Price Settles at $113,000 a Week After Hitting All-Time Highs

Bitcoin price is holding near $113,000 today, about a week after reaching a new all-time high above $126,000, as the market stabilizes from one of its most violent corrections in years.

The bitcoin price to record levels last week was fueled by renewed institutional demand, falling real yields, and growing adoption of the “debasement trade” — investors seeking protection against monetary expansion.

The recovery comes after a bruising weekend that saw over $19 billion in leveraged positions wiped out and more than 1.6 million traders forced to liquidate positions as cascading margin calls swept across exchanges.

Bitcoin slipped from 24-hour highs near $116,000 to around $110,000 overnight, as large on

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