Bitcoin has set a new historical high of more than $112 thousand
11 July 14:18
On Wednesday, July 9, bitcoin reached a new all-time high, rising to $112,022 per coin. This was reported by Reuters, according to "Komersant Ukrainian".
Despite a slight decline to $111,185 as of 10:11 a.m. Kyiv time on July 10, the value of the main cryptocurrency remains at a record high. The drop was recorded at only 0.5%.
What are the reasons for the growth?
The main factors include growing investor interest in risky assets and steady demand from large financial institutions. In addition, the positive attitude of the US President Donald Trump’s administration to the cryptocurrency market supports the favorable dynamics.
It is also reported that Trump Media & Technology Group, which owns Truth Social, is planning to launch a cryptocurrency ETF with a focus on bitcoin investments.
“Bitcoin is the only asset that becomes less risky as it grows,” said Anthony Pompliano, head of Professional Capital Management.
Dynamics
- Since the beginning of 2025, bitcoin has risen in price by 19%.
- Over the past 12 months, its value has almost doubled.
Context
In May, the total assets of cryptocurrency funds reached record levels. Investors are increasingly considering cryptocurrencies as a hedge against market volatility and an alternative to traditional investment instruments in the United States.
