After nearly 50 days of anemic price action, Bitcoin, the bellwether coin, finally hit a new record peak of $112,040.
The cryptocurrency surpassed its previous all-time high of $112,000 that was achieved in March.
In late July, Bitcoin briefly slipped to the $98,000 level, but bulls managed to remain in control.
The cryptocurrency started this month on a high note, surging to nearly $110,000 on July 2. After taking some respite, Bitcoin has now logged a new record high, extending its bull run into the third quarter of the year.
As reported by U.Today, Fundstrat's Tom Lee predicted that Bitcoin could soar to as much as $250,000 this year.
