Nvidia’s historic $4 trillion flirtation sends ripple through crypto, pushing bitcoin to new all-time high
Bitcoin just hit a fresh all-time high, blasting through $112,000 for the first time ever, as investors went full throttle on risk assets, taking cues from a frenzied rally in tech stocks led by Nvidia.
The surge came late Wednesday, moments before Wall Street’s close, with bitcoin touching $112,052.24 — barely edging past its previous record of $111,999 set back in May. It later settled slightly lower, but still firmly above the $110,000 mark.
A Nasdaq Party That Bitcoin Didn’t Want to Miss
It wasn’t just bitcoin partying on Wednesday — the Nasdaq Composite also clocked a record close, its tech-heavy composition catching fire as Nvidia’s market cap briefly crossed the unthinkable $4 trillion line.
That number — $4 trillion — was enough to pull the whole market into euphoria mode. And bitcoin, which often rides shotgun to tech stocks when risk sentiment goes wild, followed suit.
Traders watching the charts noticed how closely crypto had been mimicking tech movements in recent weeks. The correlation’s not perfect, but when sentiment turns risk-on, bitcoin tends to light up.
In one sentence: Tech rallied, and crypto tagged along.
Why Bitcoin’s Move Feels Bigger Than It Looks
Bitcoin was only up 1.9% on the day, trading around $110,947 by the late afternoon. But context matters. That seemingly modest gain pushed it over a historic level.
For weeks, bitcoin has been boring — stuck in a tight range, even with steady inflows from ETFs. In fact, public company purchases outpaced ETF inflows in Q2, yet prices barely budged.
Now, with this breakout, it’s clear that something snapped.
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Bitcoin’s gain Wednesday was small in percentage, huge in symbolism.
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It marked the first new high in nearly two months.
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The move may signal a shift from consolidation to a fresh bull phase.
“It’s less about the number itself and more about what it unlocks psychologically,” one digital asset analyst said. “Crossing $112K wipes out the ceiling traders have been staring at.”
Institutions Are Still Buying — Just Not Always via ETFs
Let’s talk flows. One thing keeping crypto traders awake at night: ETF inflows have cooled. That’s despite the early-year hype when the SEC greenlit spot bitcoin ETFs — a move many thought would be a major gamechanger.
But something interesting happened in Q2. Public companies — yes, corporate treasuries — started buying again. Quietly, consistently.
According to market tracker Bitcoin Treasuries, corporate holdings grew by over 80,000 BTC during the second quarter, surpassing ETF additions in the same period.
Here’s how it looked:
| Entity Type | BTC Acquired (Q2 2025) | Estimated Value @ $110K |
|---|---|---|
| Public Companies | 80,316 BTC | $8.83 Billion |
| Spot Bitcoin ETFs | 65,912 BTC | $7.25 Billion |
| Total Combined | 146,228 BTC | $16.08 Billion |
That’s a lot of bitcoin being taken off the table.
Nvidia, Trump, and the Curious Calm in Markets
What’s strange is how calmly markets absorbed some fairly dramatic news — including another round of tariff threats from President Trump. Usually that would spook stocks.
Not this time.
Instead, Nvidia’s brief $4 trillion valuation milestone — the first for any U.S. company outside Apple and Microsoft — turned into the main storyline. It overshadowed trade anxieties and rekindled confidence in growth assets.
Bitcoin, too, got a boost from that same shift in mood. And while its “digital gold” label has stuck in institutional circles, the truth is, it still moves like a high-beta stock when markets go full greed.
“This isn’t about inflation or macro policy anymore — this is straight-up risk appetite,” said a fund manager who oversees a crypto-heavy hedge fund. “Bitcoin’s still a volatility play, even if it’s dressed up as a store of value.”
What’s Next: Will Bitcoin Finally Break Loose?
So, is this the breakout everyone’s been waiting for?
That depends on who you ask. Some traders are skeptical. They say $112K might just be another fake-out, a knee-jerk reaction to stock euphoria.
Others think the quiet build-up — months of sideways trading, steady corporate buys, ETF flows holding — means the foundation is stronger this time.
One thing’s for sure: the timing is odd. Bitcoin’s latest breakout wasn’t triggered by any crypto-specific news. No SEC ruling. No ETF debut. No China reversal. Just Nvidia — and, by extension, Wall Street — getting a little too excited.
Still, price is price. And crossing a record matters.
Even if it only holds for a day, the new high puts pressure on shorts and drags more sidelined traders back in.
And somewhere out there, someone who swore they’d “wait for the dip” is now re-downloading Coinbase.
A Moment of Calm Before More Volatility?
For now, bitcoin’s technicals show strength, but caution lingers. Analysts point to stretched RSI levels and resistance lurking around $114K to $115K. A pullback? Totally possible.
But the broader trend remains alive. ETF inflows haven’t gone to zero. Corporates are still allocating. And if tech stocks stay strong, crypto probably won’t lag too far behind.
And hey, maybe this is just how the new cycle starts — not with a bang, but with Nvidia accidentally dragging bitcoin into the spotlight again.
Bitcoin traders might not know what’s coming next. But for now, they’ve got something to celebrate. And that alone could be enough to keep the price ticking higher.
