Cryptocurrency traders are buzzing about Bitcoin’s (BTC) potential for a record-breaking milestone. The world’s largest cryptocurrency has surpassed the crucial $109,000 mark and is currently trading at $108,913. 0.63% of the current value could propel it to its all-time high price of $109,114. A chart illustrating Bitcoin’s price surge to $109,000. While this would break the existing record based on nominal values, adjusting for US inflation would require a price above $110,000. However, if we account for inflation’s impact, reaching this new high point will be more challenging. The past 24 hours have seen substantial cryptocurrency market fluctuations; in that time, a staggering $276 million worth of assets were liquidated across the entire market, with over $175 million belonging to short positions. This highlights significant trading activity. This information is not investment advice. For further insights, please read on.