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

CNBC.com ^ | Wed, Jul 9 20254:46 PM EDT | Tanaya Macheel

[E. Pluribus Unum]

• Bitcoin topped $112,000 on Wednesday afternoon, notching a new record.
• The flagship crypto’s rise came on a day when investors returned to risk-on mode, driving the tech-heavy Nasdaq Composite to a record close.
• Bitcoin has been trading in a tight range in recent weeks.

Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia

-led rally in equities helped push the price of the cryptocurrency higher into the stock market close.

The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999.

The flagship cryptocurrency has been trading in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds. Bitcoin purchases by public companies outpaced ETF inflows in the second quarter. Still, bitcoin is up just 2% in the past month.

On Wednesday, tech stocks rallied as Nvidia became the first company to briefly touch $4 trillion in market capitalization. In the same session, investors appeared to shrug off the latest tariff developments from President Donald Trump. The tech-heavy Nasdaq Composite notched a record close.

While institutions broadly have embraced bitcoin’s “digital gold” narrative, it is still a risk asset that rises and falls alongside stocks depending on what’s driving investor sentiment. When the market is in risk-on mode and investors buy growth-oriented assets like tech stocks, bitcoin and crypto tend to rally with them.

Investors have been expecting bitcoin to reach new records in the second half of the year as corporate treasuries accelerate their bitcoin buying sprees and Congress gets closer to passing crypto legislation.

[KingofZion]

Hilarious. Just like dutch tulips.

The smart money is already offshore and holds hard assets like real estate and gold.

[E. Pluribus Unum]

Hilarious. Just like dutch tulips.

That's why Black Rock acquired 700,000 "tulips."

[NoLibZone]

There’s only about three more months left for this bull cycle.
What’s going to happen? This is going to happen soon.
Then cash out in November sit on your money for a year and double your stack.

[NoLibZone]

To date, my tulip collection has tripled my retirement account

I love tulips!

[KingofZion]

You trust your money to blackrock??!! ROTFLMAO

Yes many people are buying crypto. It’s like Madoff, you can get rich but only if you exit before the music stops. Nobody knows when that day will come, but it is certain to come. In the meantime wall street traders have they don’t want to miss out on the fun.

[Right_Wing_Madman]

Hilarious. Just like dutch tulips.

This tulip boom has lasted 15 years, about 14.5 years longer than the Dutch one.

[Jonty30]

I wish I knew about it when it was 0.03/bit.

[E. Pluribus Unum]

I'm a "hodler" myself. Never had any luck timing the market. I project Bitcoin will be somewhere between $500,000 and $1,000,000 by 2030, based on extrapolating the logarithm of it's price history. Past performance is no guarantee of future results, as they say, but Bitcoin ain't going away. Too many institutional investors now. The Bitcoin landscape has changed. Just my opinion. The Tulip People are entitled to theirs.

[snork55]

Bitcoin Hyper is in resale now, for just under another day @ .012xxx

[snork55]

That should read pre-sale.

[Bobbyvotes]

Vidia P/E ratio. Is 51.54 as of Jul 8, 2025. This represents a increase of 6.01% compared to its 12-month average P/E ratio of 48.62.

Investors are predicting fantastic demand for Nvidia products.

[TauntedTiger]

I’ve never seen a bitcoin guy negotiate a great guitar buy at a garage sale.

IMHO, only AGW theory has had a stronger marketing push than crypto monetary theory. I mean, crypto investors seem like AGW climate scientists that seem to be ever-present telling people how smart they are and how stupid criticism is.

[aMorePerfectUnion]

(((CRYPTO PING!)))

If you would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[aMorePerfectUnion]

best image hosting

Rock on! Due for a correction historically, but who knows?

[aMorePerfectUnion]

Other assets/investments, when priced in Bitcoin

[napscoordinator]

Since Trump is a huge supporter, people followed his lead.

[82nd Bragger]

Are you a crypto follower, or an investor/miner?

[snork55]

Minimal investor. I have a few Ethreum (ETH), and may drop 10k on the BTC Hyper. I don’t think I’ll lose on that one. But there’s always a chance. With pre-sale at $0.0122, that would aquire, roughly, 819,672 shares. A growth to just $0.10 would have a return of $81,967 in just a few years.

Look, I was very hesitant over the last few years when it came to crypto; I’m still learning, by the way, but with this administration legitimizing Bitcoin, Ethreum, Solana, to name a few, that gave me more confidence.

I’m using money that if it all goes bust, I can take my licking on continue on. The markets are changing, just don’t want to be the last one out of the gate.

Cheers!

[Drago]

More record highs...currently at $118,194.00 Ping!