Key Takeaways Bitcoin hit a high above $112,000 on Wednesday, its first record high since May. The cryptocurrency is now up roughly 20% on the year after falling below $100,000 in June.Continued adoption of the cryptocurrency as a reserve asset is expected by some experts in the second half of 2025.

Coinbase stock hit record high of $389 despite H.C. Wainwright's double downgrade warning of weak Q2 earnings.

Bitcoin's bull run continues. The cryptocurrency rose as high as $118,739.86 on Friday, according to CoinDesk data, notching a new intraday high for a third straight day. Bitcoin recently stood a little lower,