Bitcoin surpassed $123,500 on Wednesday, climbing to a fresh record as institutional adoption and expectations of looser monetary policy drove the world's largest token to new heights. The cryptocurrency has gained 31% year-to-date and is up 60% from April’s market lows. {chart} Inflows into spot exchange-traded funds, along with purchases from public companies copying the blueprint of software firm-turned-bitcoin juggernaut Strategy (MSTR) by adding bitcoin to their balance sheets, have been key drivers of this year’s token rally. Strategists also point to the Trump administration’s pro-crypto stance as a major ... (full story)