Bitcoin hit a new all-time high this week, alongside the Nasdaq Composite and tech giant Nvidia. The oldest and largest cryptocurrency traded as high as $112,021.91 on Wednesday afternoon, breaking a previous record set in May, according to CoinDesk data. It later retreated to around $111,000.

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.