The cryptocurrency market is now witnessing that Bitcoin (BTC) is just one step away from breaking its all-time high price record. The world's largest cryptocurrency has passed the critical $109,000 threshold and is trading at $108,913 at the time of writing. As things stand, it would only take around 0.63% to reach the all-time high price record of $109,114. Chart showing BTC price hitting $109,000. However, when we adjust the record we broke according to US inflation, the record price needs to exceed $110,000. BTC price increased by 1% in the last hour. Along with the rise, the cryptocurrency market also witnessed a serious liquidation wave. In the last 24 hours, there was a liquidation of $276 million in the entire cryptocurrency market, $175 million of which was in short positions. *This is not investment advice.