Bitcoin soared to an all-time high of $112,000 late Wednesday, driven by growing institutional interest and intensified risk appetite as traditional financial institutions deepen their exposure to the world’s largest cryptocurrency.
The original cryptocurrency rose as much as 3.1% to $112,009, pushing its gain this year close to 20%.
Bitcoin crossed an all-time peak of $112,000 before later trading at $111,259 on the day. The flagship digital asset has climbed more than 18% year-to-date, defying macroeconomic headwinds and geopolitical volatility.
