Advanced ➔ Results CryptoBitcoin hits record high. Why the crypto’s rally may lose steam after briefly topping $112,000. Published: July 9, 2025 at 5:49 p.
ETResizeListen(2 min)Bitcoin hit a new high Wednesday for the first time since May 22. Photo: AFP/Getty ImagesBitcoin briefly rose above $112,000 to a record high Wednesday afternoon.
However, the rally may stall if trade tensions intensify, according to some analysts.
The largest cryptocurrency BTCUSD reached a lofty $112,022 Wednesday afternoon, a new record high, before pulling back to $111,199, according to FactSet data.
The Author Frances YueFrances Yue covers the cryptocurrency market for MarketWatch. Show Conversation (0) Back To TopCopyright © 2025 MarketWatch, Inc. All rights reserved.
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