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Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally
Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close.
- Bitcoin topped $112,000 on Wednesday afternoon, notching a new record.
- The flagship crypto’s rise came on a day when investors returned to risk-on mode, driving the tech-heavy Nasdaq Composite to a record close.
- Bitcoin has been trading in a tight range in recent weeks.
The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999.
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I put in a limit order to buy some TFUEL if the price dropped to a certain price. I'm not so sure that order is going to get filled any time soon.
Where are you buying it?
BTBT & BMNR disagree with you.I think Ethereum is a dead token walking. It may trade well and make money, but the ETH chain is crippled technology and newer coins have surpassed it in speed and (native) scalability. Also, the Ethereum virtual machine (EVM) programmable layer has fundamental security issues that newer platforms have fixed.
Like I said, it may trade well and make money. First mover network advantage is real. Awareness that it's a flawed mousetrap and competitors have superior products will take time.
Some dormant BTC whales waking up and preparing to sell.
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