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Bitcoin extends rally, hits record high above $124,000
Wider acceptance by institutional investors has helped boost the price of bitcoin. Bitcoin topped the $124,000 level for the first time Wednesday, extending a months-long rally. The price of bitcoin (BTCUSD) hit a record high of $124,496 on Wednesday night, according to CoinDesk data. The world's largest cryptocurrency has surged about 33% year to date, and nearly 120% over the past 12 months. At last check, bitcoin had retreated back below the $124,000 level. The Trump administration's looser regulatory stance and the wider adoption by institutional investors, including the approval of crypto ETFs, have been a boon ... (full story)
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- Aug 13, 2025 11:11pm Posted byFundamental Analysis534
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