Bitcoin Surpasses $124,000, Fueled by Wall Street and Investor Optimism
Bitcoin Surpasses $124,000, Driven by Wall Street and Investor Optimism
Bitcoin hit a historic high on Thursday morning, breaking the symbolic threshold of $124,000 for the first time during early trades in Asia. This surge can be attributed to the positive momentum in Wall Street, growing interest from institutional investors, and a favorable regulatory climate in the United States.
The cryptocurrency surpassed its previous record of $123,205 set on July 14, temporarily climbing above $124,500. Around 02:08 GMT, Bitcoin was trading at approximately $123,600.
This upward trend follows a significant rally in American markets the day before, with indexes like the S&P 500 and Nasdaq reaching new highs. Such bullish movement bolsters confidence in risk assets, including Bitcoin.
The digital currency also benefits from support stemming from a favorable U.S. policy, particularly under the leadership of President Donald Trump, which has heightened 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.
