Bitcoin hits record high just shy of $112,000

Reuters07-10

NEW YORK, July 9 (Reuters) - Bitcoin rose to an all-time high near $112,000 late on Wednesday, bolstered by an increase in risk appetite and persistent institutional demand.

The world's largest cryptocurrency touched a high of $111,988.90 BTC and was last up 2% at $110,922.48.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese)

((gertrude.chavez@thomsonreuters.com; 646-301-4124))

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