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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.

  • Bitcoin hit a fresh record above $112,000 on Wednesday afternoon, driven by an Nvidia-led equities rally and a risk-on market mood.
  • This surge followed weeks of Bitcoin trading in a tight range and growing institutional interest as corporate purchases outpaced ETF inflows in Q2.
  • The Nasdaq Composite also closed at a record high, Nvidia briefly reached $4 trillion market cap, and the Crypto Fear & Greed Index showed increased speculative 'Greed' sentiment.
  • Just before 4 p.m. ET, Bitcoin climbed to a peak of $112,052.24, exceeding the previous high of $111,999 set on May 22, while trading volume increased by more than 38% within 24 hours, indicating heightened investor interest.
  • The rally suggests continued correlation between Bitcoin and tech stocks, with expectations for corporate buying and crypto legislation to further influence price trends.
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tz.detz.de
+9 Reposted by 9 other sources
Center

The Bitcoin course has come to a halt in recent weeks, but now there is a record high again.

ReutersReuters
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Center

Bitcoin hits record high just shy of $112,000

Bitcoin rose to an all-time high near $112,000 late on Wednesday, bolstered by an increase in risk appetite and persistent institutional demand.

·United Kingdom
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regionalmedianews.com broke the news in on Wednesday, July 9, 2025.
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