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Bitcoin hits record high of $112,055; crypto stocks rally in response

  • Bitcoin has reached a new all-time high, surpassing $112,000 for the first time in history on July 9, amid a broader crypto market recovery.
  • This milestone signifies Bitcoin's resilience post-US President Trump's tariff policies and its strengthening position in the financial landscape.
  • Institutional acceptance and growing market maturity have played a pivotal role in Bitcoin's surge, with the digital asset's market capitalization now at $2.18 trillion.
  • Bitcoin's record-breaking success has catalyzed a rally in crypto-related stocks, indicating a bullish sentiment and potential for future price movements.

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