Bitcoin Breaks Fresh Record of $112,700

Bitcoin (BTC) clinched a fresh record high above $112,000 on Thursday, attempting to break away from the range it has been trading in for months.

The largest and oldest cryptocurrency hit $112,702 during the U.S. session, CoinDesk price data shows.

The new record comes less than a day after it briefly topped $112,000 on some exchanges, then retreated below $111,000 in the later hours. It was up 2.8% over the past 24 hours.