Dreyfuss NEW YORK (Reuters) -Bitcoin 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.

Bitcoin hit a new all-time high (ATH) of $112,000 on 10 July as the crypto market continues to recover from the aftershock of President Donald Trump 's tariff policy. The king coin last hit the ATH of $111,970.17 on May 22 and has been struggling since. On July 10, BTC's price went as low as $108,357.68 and is now back at $111,000 mark.

Key Takeaways Bitcoin hit a high above $112,000 on Wednesday, its first record high since May. The cryptocurrency is now up roughly 20% on the year after falling below $100,000 in June.Continued adoption of the cryptocurrency as a reserve asset is expected by some experts in the second half of 2025.