Bitcoin is once again on a vertical trajectory reaching another all time high. The new ATH reached $112,152.91 on Coinbase.

Nayib Bukele, 81st President of El Salvador, posted on X the country’s Bitcoin portfolio. El Salvador now has a bitcoin USD value of over $690 million, with total profits of nearly $400 million.
— Nayib Bukele (@nayibbukele) July 9, 2025
It is unclear what caused the sudden burst in price.