Bitcoin's Historic High

In an unprecedented surge, Bitcoin has soared beyond $123,600, setting a new all-time high. This remarkable achievement is attributed to a combination of factors including friendlier regulation, significant institutional adoption, and strategic accumulation by major players in the market.

Market Momentum

The cryptocurrency's impressive rally was further fueled by Wall Street's stellar performance on Wednesday, with expectations of rate cuts enhancing the overall risk appetite among investors.

Price Movements

At 6:54 pm ET, Bitcoin experienced a 2.70% increase, reaching $123,676.256. Not far behind, Ethereum also saw a significant rise, climbing by 3.20% to $4,735.5052 by 6:57 pm ET.