Bitcoin Surpasses $124,000, Driven by Wall Street and Investor Optimism
Bitcoin reached a new historic high on Thursday morning, surpassing the symbolic threshold of $124,000 for the first time during early trading in Asia. This surge is attributed to the positive momentum from Wall Street, growing interest from institutional investors, and a favorable regulatory climate in the United States.
The cryptocurrency thus shattered its previous record set on July 14, which was $123,205, momentarily hitting over $124,500. Around 02:08 GMT, Bitcoin was trading at approximately $123,600.
This upward trend follows a significant increase in American markets the day prior, with indices such as the S&P 500 and Nasdaq reaching new highs. This bullish trend bolsters confidence in risky assets, of which Bitcoin is a part.
The digital currency is also benefiting from what is perceived as a supportive U.S. policy, notably under the administration of President Donald Trump, which heightens investor enthusiasm. Since the beginning of 2025, Bitcoin has recorded an impressive increase of nearly 32%, solidifying its position as a leader in the cryptocurrency market.
