12:45 - 10.07.2025

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July 10, Fineko/abc.az. The bitcoin exchange rate on Wednesday updated its historical record, reaching $112,052.24, which is higher than the previous high of $111,999, recorded on May 22. The growth of the cryptocurrency coincided with powerful stock market rally led by Nvidia.

ABC.AZ reports that despite the influx of billions of dollars into bitcoin ETF and growth of purchases from public companies, bitcoin has been in a narrow range in recent weeks. Experts attribute the current surge to combination of factors: shortage of assets amid rising government spending and debts, favorable regulatory environment, and institutional confidence in cryptocurrencies.