
Bitcoin surges to record high, nears $112,000 mark
climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent
institutional demand
as traditional financial market players embraced the world's largest
cryptocurrency
.
It touched a record peak of $111,988.90 and was last up 0.4% at $111,259. Since the beginning of the year, bitcoin has advanced more than 18%.
"Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size," wrote Anthony Pompliano, founder and CEO of Professional Capital Management in a letter to investors on Wednesday.
Crypto Tracker
TOP COIN SETS
DeFi Tracker
4.48%
Buy
Crypto Blue Chip - 5
3.88%
Buy
NFT & Metaverse Tracker
2.83%
Buy
AI Tracker
1.68%
Buy
Web3 Tracker
1.53%
Buy
TOP COINS
(₹)
Ethereum
238,638 (
6.79%
)
Buy
XRP
208 (
5.22%
)
Buy
Solana
13,597 (
4.35%
)
Buy
Bitcoin
9,542,315 (
2.3%
)
Buy
BNB
57,480 (
1.31%
)
Buy
"There were few sophisticated capital allocators who could gain exposure when bitcoin was $100-200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can put the exposure on."
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View
Details
»
The Trump administration's
crypto-friendly policies
have bolstered
digital assets
overall, opening pools of capital to the sector.
Live Events
For instance, Trump Media & Technology Group, run by the U.S. president's family, is looking to launch an exchange-traded fund that will invest in multiple crypto tokens, including bitcoin,
ether
, solana and ripple, according to a filing with the U.S. markets regulator on Tuesday.
Bitcoin's rally also spread to other cryptocurrencies.
Ether, the second-largest digital currency in terms of
market capitalization
, also rallied, hitting a one-month high of $2,794.95. It last traded up 5.4% at $2,740.99.
Other
crypto-related stocks
also gained. Strategy, co-founded by the leading voice in the bitcoin treasury movement Michael
Saylor
ETMarkets WhatsApp channel
)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
35 minutes ago
- Time of India
Cryptocurrency Live News & Updates : XLM Leads Top 20 Cryptos with 24H Gains
12 Jul 2025 | 11:55:13 PM IST Stellar's XLM surged 6% recently, becoming the top gainer among the top 20 cryptocurrencies, fueled by PayPal's plans to launch its stablecoin on the Stellar network. In a remarkable turn of events, Stellar's XLM has emerged as the leading gainer among the top 20 cryptocurrencies, posting a 6% increase. This surge coincides with PayPal's announcement of its upcoming stablecoin, PayPal USD (PYUSD), which is set to launch on the Stellar blockchain, pending regulatory approval. The integration aims to enhance payment options and accessibility for users across 170 countries. Meanwhile, Bitcoin has reached a new all-time high, prompting 'Rich Dad Poor Dad' author Robert Kiyosaki to invest at $110,000, predicting Bitcoin could hit $1 million. Kiyosaki's strategy emphasizes buying during market highs, anticipating future gains as speculative investors enter the market. Additionally, the Ethereum ETF has seen record inflows of over $900 million this week, while BTC Digital has invested $1 million in ether, dubbing it 'digital gold' and marking a shift in strategy towards decentralized finance. The cryptocurrency market has also faced significant liquidations, totaling $371 million in the last 24 hours, with a notable portion attributed to long and short positions in Bitcoin and Ethereum. Show more


Mint
2 hours ago
- Mint
Mexico Sure It Will Strike Deal With US to Skirt Tariffs
Mexico is projecting confidence that it will fend off a new set of 30% tariffs that President Donald Trump has threatened to impose on the Latin American country starting on Aug. 1. Mexican President Claudia Sheinbaum said in a speech in the border state of Sonora that every country was getting a letter from Trump. She said her team had already begun discussions with the US on Friday and was confident Mexico would get a deal. 'We believe, based on what our colleagues discussed yesterday, that we will reach an agreement with the United States government and that, of course, we will achieve better conditions,' she said, repeating her refrain about how it's best to keep a cool head. Mexico and the US established a new binational working group on Friday to address security, migration and economic issues, according to a statement posted on Saturday by Mexican Economy Minister Marcelo Ebrard on X. The first major task of the group will be to find an alternative to the tariffs and 'protect jobs on both sides of the border,' the statement read. 'We told the group that this treatment is unfair and that we're not in agreement,' read the statement, jointly signed by the Economy and the Foreign Affairs ministries. Trump published his latest tariff threats early Saturday, saying Mexico would be subject to the 30% rate for not doing enough to fight fentanyl trafficking, even though the country has made strides in helping secure the border with the US. The U.S. doesn't intend to apply the 30% rate to USMCA-compliant goods, according to a White House official. The situation remains fluid, the official cautioned. The administration has previously said it will keep the exemption for Canada. Continuing the exclusion for both Mexico and Canada narrows the scope of Trump's continental tariffs and would be a lifeline to sectors like the auto industry that rely heavily on the USMCA pact, which was renegotiated under Trump's first term. The US president said the 30% tariffs are separate from sectoral ones and could be raised if Mexico retaliates. 'Mexico still has not stopped the Cartels who are trying to turn all of North America into a Narco-Trafficking Playground,' Trump wrote. 'If Mexico is successful in challenging the Cartels and stopping the flow of Fentanyl, we will consider an adjustment to this letter.' He said Mexico has many other non-tariff trade barriers that have created an 'unsustainable' trade deficit with the US. With assistance from Josh Wingrove. This article was generated from an automated news agency feed without modifications to text.


India.com
3 hours ago
- India.com
Trump slaps 30 pc tariffs on EU, Mexico starting August 1
New Delhi: US President Donald Trump on Saturday issued 30 per cent tariffs on imports from Mexico and the European Union (EU), to renegotiate trade terms before the August 1 deadline. The European Union will allow complete, open Market Access to the United States, Trump said in its letter posted on Truth Social, or 'whatever the number you choose to raise them by, will be added on the 30 per cent that we charge.' The 27-country EU bloc is under pressures as Germany urged a quick deal to safeguard its industry. In his letter to Mexico, Trump said the country has been 'helping me secure the border,' but added that it wasn't enough. 'Mexico still has not stopped the Cartels who are trying to turn all of North America into a Narco-Trafficking Playground. Obviously I cannot let that happen!' Trump said in the letter to Mexican President Claudia Sheinbaum. Earlier, the US President advised countries in ongoing trade talks with his administration to 'just keep working hard' ahead of the August 1 negotiation deadline, repeating his claim that America has been taken advantage of by 'both friend and foe' for many years. Trump made the remarks before departing for a flood-ravaged area in Texas, as South Korea, Japan and other countries strive to reach deals with the United States to avoid or minimize the impact of steep 'reciprocal' tariffs that are set to take effect on August 1. 'I think just keep working hard. You know, we've been taken advantage of for many, many years by countries, both friend and foe. And frankly, the friends have been worse than the foes in many cases,' he said during a press availability at the White House. On Monday, Trump sent a letter addressed to South Korean President Lee Jae Myung, saying that the U.S. will start imposing 25 per cent tariffs on South Korean products on August 1 — rather than Wednesday, when the reciprocal tariffs were initially set to take effect following a 90-day pause.