Bitcoin on Wednesday updated its all-time high, surpassing the $ 112,000 mark amid the rapid growth of technology stocks, especially Nvidia. By the close of trading, the value of the cryptocurrency was about $ 110,947, which is 1.9% higher than the previous values.
Bitcoin's rise coincided with impressive gains in the stock market, with Nvidia becoming the first company to exceed $ 4 trillion in market capitalization. This event supported the positive sentiment of investors, thanks to which the Nasdaq Composite index closed at record levels. At the same time, investors ignored the latest statements of Donald Trump about new tariffs.
Despite the fact that bitcoin has been trading in a narrow price range in recent weeks, interest in it from institutional investors remains. In the second quarter, the volume of direct purchases of bitcoin by public companies exceeded the inflow of funds to exchange-traded funds, which indicates an increase in confidence in the cryptocurrency.
Although bitcoin is often referred to as "digital gold," it remains a risky asset and is subject to fluctuations along with the stock market. During periods when investors are risk-averse and invest in tech stocks, cryptocurrencies tend to move up with them.
Ahead of the" cryptocurrency week " in Washington, which is scheduled for next week, investors are counting on a new surge in growth. Experts note that with this event approaching and with traditionally low summer liquidity, bitcoin prices can easily exceed the $ 120,000 mark.
According to Ryan Gorman, director of strategy at investment firm Uranium Digital, the ratio of open buy options to sell options indicates the dominance of bullish sentiment and the expectation of further growth in the cryptocurrency.
In the face of ongoing economic instability and inflationary pressures, bitcoin is becoming an attractive tool for portfolio diversification and preserving value. Its growth is closely linked to the success of technology market leaders, reflecting the merger of traditional and digital assets.
The active participation of institutional and retail investors, the expansion of the cryptocurrency payment infrastructure, and the integration of digital assets into the global financial system confirm the growing role of bitcoin in the modern economy.
Important events are ahead: the adoption of laws on digital assets in the United States, the further expansion of the use of cryptocurrencies in international settlements, and regulatory decisions on interest rates. These factors can have a significant impact on the dynamics of the cryptocurrency market.
Current forecasts point to the continuation of the uptrend, although potential corrections are not excluded in the event of increased regulatory pressure.
The growth of bitcoin is not just a speculative surge, but a reflection of fundamental changes in the financial sector and investment behavior, which makes it an important indicator of the development of the digital economy.
