S&P 500, Nasdaq notch record closing highs<\/p>\n
The S&P 500<\/a> notched a new all-time closing high on Thursday. The broad market benchmark rose 0.27% and closed at 6,280.46.<\/p>\n The Nasdaq Composite<\/a> also closed at a record high for the second day in a row, gaining 0.09% to end at 20,630.67.<\/p>\n The Dow Jones Industrial Average<\/a> added 192.34 points, or 0.43%, to finish at 44,650.64.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n Bitcoin sets another record above $113,000<\/p>\n \t\t\t\t \t\t\tRomain Costaseca | Afp | Getty Images<\/p>\n Bitcoin<\/a>\u00a0climbed to new all-time high of $113,863.31 on Thursday, building on its previous record\u00a0reached just a day earlier<\/a>, as investors jumped into risk assets and liquidated short positions.<\/p>\n Over the past 24 hours, $318 million in short liquidations have occurred across centralized exchanges, according to CoinGlass.<\/p>\n Altcoins, or cryptocurrencies other than bitcoin, joined the rally for a second day after many investors had\u00a0started to lose hope<\/a>\u00a0that they would show signs of life this year.\u00a0<\/p>\n Bitcoin has\u00a0traded in a tight range for several weeks<\/a>\u00a0despite billions of dollars flowing into bitcoin exchange traded funds, which has helped the price stay above the $100,000 level for more than 60 consecutive days. Public companies have also been on a bitcoin buying spree and\u00a0outpaced bitcoin ETF inflows in the second quarter<\/a>.<\/p>\n![\"\"\/](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/108122308-1743097177440-gettyimages-2206416394-HL_RCOSTASECA_2713605.jpeg\")
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