Bitcoin hits record high. Why the crypto’s rally may lose steam after briefly topping $112,000.

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Bitcoin briefly rose above $112,000 to a record high Wednesday afternoon. However, the rally may stall if trade tensions intensify, according to some analysts.

The largest cryptocurrency

BTCUSD reached a lofty $112,022 Wednesday afternoon, a new record high, before pulling back to about $111,199, according to FactSet data. 

This post was originally published on Market Watch

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