14.08.2025 11:56

Bitcoin has ascended to a breathtaking new all-time high, reaching a staggering $123,503. This represents a significant 3.04% increase over the last 24 hours, a testament to the cryptocurrency's unrelenting upward trajectory.

The surge wasn't a gradual climb; instead, a powerful buying spree during the afternoon trading session propelled Bitcoin through previously insurmountable resistance levels. This robust market activity is attributed by market analysts to several converging factors: a renewed influx of institutional investment, a generally positive macroeconomic climate, and the broader cryptocurrency market's own impressive momentum. This positive sentiment wasn't confined to Bitcoin alone; Ethereum also experienced a substantial 4% increase during the same period, suggesting a widespread surge of investor confidence in digital assets.

Wednesday night witnessed this historic milestone, as confirmed by the Bitcoin Liquid Index. However, with Bitcoin now firmly in uncharted territory, considerable uncertainty remains. The crucial question for traders is whether this remarkable breakout will be sustained, or if a wave of profit-taking will swiftly reverse the gains.

The future of Bitcoin's price remains a topic of intense speculation. Prominent analysts, such as those at Bitwise, are projecting a bold price target of $200,000 by 2025. Further developments in this rapidly evolving market are eagerly anticipated. Information sourced from internet resources.