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Bitcoin hits record high just shy of $112,000

UNITED STATES, JUL 9 – Bitcoin's price surge to $112,000 was driven by Nvidia's stock rally and increased corporate bitcoin purchases that exceeded inflows into bitcoin exchange traded funds, analysts said.

  • On Wednesday, Bitcoin surged past $112,000 in the late afternoon, setting a new record amid a strong rally in the Nasdaq and Nvidia shares.
  • This rise happened as investors returned to risk-on sentiment, aided by Nvidia hitting a $4 trillion market cap and easing Federal Reserve outlook.
  • Bitcoin's trading volume surged over 38%, open interest climbed 6.46%, and exchange-traded funds recorded more than $75 million in inflows as institutions increased exposure.
  • Santiment observed that Bitcoin’s price surge came after retail investors sold off in panic, highlighting that crypto market trends often reverse prevailing crowd sentiments, indicating ongoing speculative activity.
  • The record Bitcoin price suggests growing institutional confidence and potential acceleration in corporate purchases amid progressing crypto legislation and risk-on market behavior.
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The Bitcoin course has come to a halt in recent weeks, but now there is a record high again.

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NBC Chicago broke the news in Chicago, United States on Wednesday, July 9, 2025.
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