Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

Bitcoin Wednesday broke a new record in the afternoon Nvidia-Famous stocks rally helped to push the price of the crypto currency to close the stock market in a higher way.

According to Coin Metrics, Bitcoin’s price increased by 1.9%and traded at $ 110.947.49. Just before 16:00, it rose to $ 112.052.24 and exceeded the May 22 record $ 111.999.

The flagship crypto currency is traded in a strict range for several weeks, despite billions of dollars flowing into the Bitcoin stock market investment funds. Bitcoin purchases of public companies left behind ETF entrances in the second quarter. Nevertheless, Bitcoin increased only 2% last month.

On Wednesday, technology stocks were collected because Nvidia became the first company to briefly touched the market value of $ 4 trillion. In the same session, investors shook the latest tariff developments of President Donald Trump. Tech-Ağır Nasdaq Composite threw a record close notch.

Although institutions have adopted the narrative of “digital gold” in a broad way, it is a risk of risk rising and falling to the stocks depending on those who guide investor sensitivity. Bitcoin and crypto tend to gather with them when market risky mode and investors buy growth -oriented assets such as technology stocks.

As corporate treasures accelerate Bitcoin purchase madness and approach to pass the Congress’s crypto legislation, investors expect Bitcoin to reach new records in the second half of the year.

“Next week, a positive momentum flood, rise and thinner trade volumes of Crypto week and summer dog days in DC can see that prices have increased to 120,000 dollars or higher,” Ryan Gorman, the Chief Strategy Officer of Uranium Digital, next week to the end of the next week. ” He said. He continued: “It is the estimation of everyone we have reached during the summer, but the open call interest predominates, normally reveals that the traders are bulls and expect the upward price acceleration to continue.”