[Bitcoin soars to new all-time high above $112K as traders liquidate shorts]
Bitcoin price roared to a new all-time high above $112,000. Cointelegraph explains why.

<p><img src="https://static.fwimg.io/img/1px.png" alt="Bitcoin soars to new all-time high above $112K as traders liquidate shorts"></p><p>Bitcoin price roared to a new all-time high above $112,000. Cointelegraph explains why.</p>

Bitcoin soars to new all-time high above $112K as traders liquidate shorts

Bybit has officially become a member of the International Finance Centre in Da Nang, marking a significant step in the effort to build Da Nang into a regional financial and fintech hub.

Bybit digital asset exchange officially joins the International Financial Center in Da Nang.

A quick overview of institutional and trader opinions on the market outlook.

Is Bitcoin about to choose a direction?

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...