The price of Bitcoin, one of the most popular digital currencies, briefly reached more than $112,000 on Wednesday, July 9, marking the highest price ever recorded for the currency.
This dramatic increase followed significant growth in technology company stocks, especially Nvidia.
Bitcoin prices rose 1.9% to $112,052 late Wednesday, breaking its previous record of $111,999 on May 22.
However, after this jump, the price of Bitcoin decreased slightly and is now trading at around $111,300.
Market experts believe that this price increase could be due to investors’ greater acceptance of new technologies and digital currencies.
However, Bitcoin price volatility remains one of the main challenges for investors in this market.
