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.
- Bitcoin reached a new all-time high just above $112,000 in mid-May 2025, primarily on U.S. markets and backed by strong institutional demand.
- This surge followed growing trust in Bitcoin as a reserve asset, fueled by corporate treasury conversions and institutional endorsements, marking a structural shift in market psychology.
- Additional factors included a rally led by Nvidia’s $4 trillion market cap milestone, rising Bitcoin ETF inflows exceeding $75 million, and a 6.46% jump in Bitcoin open interest within 24 hours.
- Data showed Bitcoin trading near $111,000 while its trading volume increased over 38%, and Santiment noted the breakout followed panic selling by some retail investors.
- This record high suggests Bitcoin's transition to an essential holding as long-term investor wallets hit record levels, and it signals amplified appetite amid macroeconomic instability and advancing crypto legislation.
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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 …
Bitcoin Surges Amid Global Market Fluctuations
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