Bitcoin Surges to Record High as Nvidia Briefly Tops $4 Trillion

Global financial markets remained resilient on Wednesday, 9 July 2025, as Bitcoin reached a new all-time high and Nvidia briefly surpassed a $4 trillion market valuation. These milestones occurred amid escalating U.S. tariff tensions and shifting central bank outlooks.

Key Developments

Bitcoin Breaks Records

Bitcoin surged to a new all-time high on Wednesday, 9 July 2025, reaching over  $112K just before 4:00 p.m. ET. The move surpassed its prior record of $111,999 set in May. Analysts pointed to rising institutional demand and expectations of Federal Reserve rate cuts as key drivers. (Source: Reuters)

Nvidia Reaches $4 Trillion Valuation

Also on Wednesday,  9 July, Nvidia became the first publicly traded company to briefly cross a $4 trillion market capitalisation during morning trading. The rise came amid strong investor confidence in AI technologies. The stock settled slightly below that level by market close. 

U.S. Tariffs Raise Tensions

President Trump announced new tariffs on 9 July, including a 50% duty on Brazilian exports and copper imports, effective 1 August. While raising trade concerns, global markets remained relatively steady, suggesting limited immediate investor reaction.

Fed Minutes Signal Easing Ahead

Minutes released from the latest Federal Reserve meeting indicated broad support among policymakers for interest rate cuts later in 2025. This supported bullish sentiment across risk assets, including equities and cryptocurrencies.

Asian Markets Show Cautious Optimism

Today, Thursday,  10 July, Asian markets posted modest gains, with China’s CSI300 up 0.3% and the Hang Seng rising 0.5%, while Japan’s Nikkei slipped 0.6%. Analysts cited waning sensitivity to trade tensions and strong performance in tech. 

Additional Context

Despite protectionist moves, Wall Street banks remain optimistic. Goldman Sachs and Bank of America raised their 2025 S&P 500 targets, citing resilient corporate earnings and anticipated rate cuts. 

In Asia, the Bank of Korea held interest rates steady at 2.50% today, reflecting ongoing concerns over household debt and external trade volatility. (Source: Reuters)

In Europe, Switzerland's government delayed new capital requirements for UBS, easing short-term regulatory pressure on the country’s largest bank.

Overall, despite rising trade frictions, global investors appear focused on tech-driven growth and supportive central bank signals.

*Past performance does not reflect future results.

FAQs:

What is Bitcoin's current price today? 

Bitcoin reached a new all-time high above $112K on 9 July 2025, breaking its previous record from May. The cryptocurrency continues to show strong momentum, driven by institutional demand and Fed rate cut expectations. As of the time of this writing, 10 July, Bitcoin prices stand at about $111K.

What is Nvidia's market cap?

On 9 July 2025, Nvidia became the first publicly traded company to reach a $4 trillion market capitalisation, surpassing Apple and Microsoft as investor confidence in AI technologies continues to grow. 

How are U.S. tariffs affecting the stock market? 

The new 50% tariffs on Brazilian exports and copper imports announced for 1 August have shown limited immediate impact on global markets, as investors remain focused on tech-driven growth and supportive central bank policies.

Will the Federal Reserve cut interest rates?  

While the answer to this is yet to be determined, according to the latest Fed meeting minutes, policymakers show broad support for interest rate cuts later in 2025, which is supporting bullish sentiment across risk assets, including equities and cryptocurrencies. Still, only time will tell what lies ahead.

Which AI stocks are performing well today?

As of the time of the writing, Nvidia leads AI stock performance, briefly hitting $4 trillion market cap. Other AI-related stocks also benefit from continued investor optimism about artificial intelligence adoption and growth potential.

However, it is important to note that past performance does not reflect future results and that the markets are volatile and unpredictable.