Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.

Bitcoin futures open interest hits $72B as BTC nears $113K. Analysts eye $117K–$120K if resistance breaks. Here’s what traders need to watch.

Tracking the "realized price," or the average price at which bitcoin BTC is withdrawn from all exchanges to estimate a market-wide cost basis is a more valuable tool for gauging investor profitability and potential inflection points in market sentiment.

Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,

Bitcoin prices retreated from record territory early Friday as President Trump's latest tariff threats rattled markets. The price of a single coin was off by nearly 3% in recent trade at $108,137, according to data from CoinDesk.