Bitcoin briefly flirts with record high in risk-on day

Posted by Bill Rippel on July 10, 2025 - 1:17am

Bitcoin's (BTC-USD) price perked up Wednesday, briefly testing its all-time highs, as U.S. equities rebounded after two straight days of losses.

The cryptocurrency gapped up to its record high of $111.9K recorded in Mid-May earlier in the session, before paring gains to $110.8K as of 4:51 p.m. ET (+1.7% in past 24 hours).

At the same time, all three major U.S. stock indices closed the session in the green, as Nvidia (NVDA) became the first publicly traded company to hit $4T in market cap.

A number of altcoins outpaced bitcoin (BTC-USD) at press time, including Stellar (XLM-USD) +10.4%, Uniswap (UNI-USD) +8.7%, Pepe (PEPE-USD) +6.7%, Dogecoin (DOGE-USD) +6.7% and Hedera Hashgraph (HBAR-USD) +5.8%.

Crypto-related stocks were more mixed, though. Coinbase (COIN) gained 5.4%, Strategy (MSTR) drifted up 4.7%, HIVE Digital Technologies (HIVE) +10.8%, CleanSpark (CLSK) +7.5%, Bit Digital (BTBT) -4%, Greenidge Generation (GREE) -0.6% and BIT Mining (BTCM) -0.4%.

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Simon Keighley It\'s interesting to see Bitcoin briefly flirt with its previous all-time high, especially on a "risk-on" day for broader equities, highlighting its growing correlation with traditional markets.

July 10, 2025 at 5:07am

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