Bitcoin hits record high. Why the crypto’s rally may lose steam after briefly topping $112,000.

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Published: July 9, 2025 at 5:49 p.m. ET

Bitcoin 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 about $111,199, according to FactSet data. 

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