US EditionBitcoin 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.
60 Articles
60 Articles
Bitcoin Breaks $112,000, Ethereum, Dogecoin Surge Amid Growing Institutional Interest, Nvidia-Driven Tech Rally: Experienced Trader Peter Brandt Says, 'I Am Long BTC' - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial int
Leading cryptocurrencies rallied on Wednesday on soaring institutional interest, Nvidia Corp.’s (NASDAQ:NVDA) $4 trillion push. Cryptocurrency Gains +/- Price (Recorded at 9:05 p.m. ET) Bitcoin (CRYPTO: BTC) +1.83% $110,964.87 Ethereum (CRYPTO: ETH) +5.53% $2,758.68 Dogecoin (CRYPTO: DOGE) +4.84% $0.1790 What Happened: Bitcoin hit a new all-time high above $112,000 late afternoon before easing to the early $111,000s …
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Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning - Overpasses For America
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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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