BTC/USD: Bitcoin Blasts Above $112,000, Setting New All-Time High, Joined by Two Megacaps

Orange coin made history once again, this time joined in record territory by both the Nasdaq Composite and the stock we all regret not buying six years ago — Nvidia.

🚀 Bitcoin Smashes Through $112K

• Bitcoin BTCUSD pulled off yet another historic breakout on Wednesday, blasting past $112,000 for the first time ever — topping its previous all-time high of $111,900 hit back in late May.
• The flagship crypto surged more than 2% for the day as a wave of fresh ETF buying and upbeat risk appetite spilled over from record-breaking US stock markets.
• What’s interesting about this move? It serves to underscore just how much macro tailwinds — from a softer dollar to the AI boom in stocks — are creating a “risk-on” vibe that’s pulling Bitcoin even higher, blasting above $2.3 trillion in market cap.

🥳 Nasdaq and Nvidia Celebrate Too

• Bitcoin wasn’t the only one setting fresh highs — the Nasdaq Composite IXIC soared nearly 1% to its own record close Wednesday, riding the coattails of Nvidia’s jaw-dropping rally.
• Nvidia NVDA became the world’s first company to cross a $4 trillion market cap during the cash session, supercharging AI optimism and giving the broader market a powerful boost.
• With both a top US index and a megacap boss hitting record levels alongside Bitcoin, some market veterans say the stars might be aligned for even more risk appetite.

👀 What Comes Next for Crypto Bulls?

• Bitcoin bulls now eye the next psychological target near $115,000, with some calling for $120,000 before summer is out if macro conditions hold steady.
• Analysts warn that profit-taking could hit hard if earnings season disappoints or if any unexpected rate talk from the Fed spooks the risk trade.
• But for now, the mood is pure momentum: stocks are up, AI hype is peaking, and Bitcoin’s breakout is the latest sign that 2025 is shaping up to be the year of “the everything rally.”