Bitcoin Soars to an All-Time High of $112,000 Driven by Institutional Interest.
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Bitcoin reached a record high of $112,000 late Wednesday, fueled by increasing interest from institutional investors and a heightened risk appetite as traditional financial institutions expand their involvement in the largest cryptocurrency.
The original cryptocurrency climbed as much as 3.1% to $112,009, bringing its year-to-date gain close to 20%. After hitting the all-time peak, Bitcoin traded at $111,259 for the day, having risen over 18% this year despite facing macroeconomic challenges and geopolitical uncertainties.
Tariff Tensions and Crypto Momentum
This latest surge occurred shortly after President Donald Trump announced significant new tariffs on five emerging markets: Malaysia, Kazakhstan, South Africa, Myanmar, and Laos, with rates reaching as high as 40%. Japan’s tariff rate was also increased to 25%, with these new tariffs set to take effect on August 1.
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Market analysts suggest that the administration’s supportive stance on cryptocurrencies is unlocking new sources of institutional investment and promoting wider adoption of digital assets.
Wall Street and Tech Expand Crypto Exposure
Further boosting the momentum, Trump Media & Technology Group, led by members of the Trump family, submitted plans to U.S. regulators to launch a multi-token crypto exchange-traded fund (ETF). This proposed ETF would include investments in Bitcoin, Ether, Solana, and Ripple, reflecting the growing mainstream interest in the cryptocurrency sector.
The rally extended beyond Bitcoin, positively impacting other major cryptocurrencies and crypto-related stocks.
– Ether (ETH), the second-largest cryptocurrency by market capitalization, surged to a one-month high of $2,794.95 before settling at $2,740.99, a 5.4% increase.
– MicroStrategy (MSTR), co-founded by Bitcoin advocate Michael Saylor, rose 4.7% to $415.41.
– Coinbase Global (COIN), the largest U.S. crypto exchange, increased by 5.4% to $373.85. Industry experts predict that companies will continue to adopt Bitcoin as a reserve asset in the latter half of 2025.
According to Coinglass, nearly $340 million in liquidations of Bitcoin short positions occurred on various exchanges within four hours of reaching the new all-time high.
Many Bitcoin holders remain hopeful that the U.S. government will establish a strategic Bitcoin reserve by the end of the year, although the likelihood of this happening has significantly decreased this year, according to Polymarket.
On the day, both Coinbase Global (COIN) and MicroStrategy (MSTR) saw their stock prices rise by approximately 5%. Overall, stocks increased on Wednesday, with the tech-focused Nasdaq Composite also reaching a new high.
Reactions.
@LagosTrader: If I had bought $100 BTC in 2015, I for no dey beg PHCN for light again 😭
@CryptoBaddie:BTC at $112K?? Even my village people didn’t see this one coming 😩🚀
@SeyiTheInvestor:Institutional demand or institutional FOMO? Either way, we mooning 🌕
4. @IamMusaNG:Imagine selling your Bitcoin at $40K thinking it peaked 🤡
5. @JudeForbes:At this point, na only government dey pretend Bitcoin no legit 😂
6. @AnitaFromLekki:My ex told me “crypto is risky” in 2021. He’s still doing sports betting. 🚩
7. @MrRiskItAll:I sold 1 BTC last year to buy a car. The car don chop gearbox now 😭
8. @BinanceBoy:One BTC = ₦168 million. You dey see wetin I dey see? 🇳🇬💸
9. @Zainab_Hodl:People laughed at us in the bear market. Now we’re sipping cocktails with Satoshi 🥂🧘🏽♀️
10. @OdogwuCrypto:112K? Omo na to activate village meeting. Everybody must invest now 😤🔥
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