New all-time high

Bitcoin just hit an all-time high — but whether that was 25 minutes ago, or yesterday, depends on who you ask.

• 🤷‍♂️ There really isn't one "bitcoin price" in the world, and usually that doesn't matter.

How it works: Different bitcoin prices tell you different things.

• Prices on an exchange just show what it's selling for there.
• Sites like CoinGecko take in prices from lots of places, weight them and give their users an average.
• Prices on different sites are different, but not that different.

Between the lines: So bitcoin did break $112,000 on some venues yesterday, but not all of them. Per CoinGecko, it hit it today, at $112,676.

• That's a new high-water mark from May 22 — when the president had his meme coin party.

The big picture: There are a lot of bullish signs for bitcoin.

• For example, the amounts held on exchanges have been dropping since April, suggesting investors are not in a mood to sell.

Yes, but: While long-term investors are holding on more firmly than ever, Ark Invest worries there aren't enough new buyers coming in to drive price up.