Bitcoin 124000 dollars hits all time high boosted by Wall Street and institutional interest
Bitcoin 124000 dollars marks a new record driven by US market gains and favorable legislation
Bitcoin 124000 dollars hits all time high boosted by Wall Street and institutional interest
Bitcoin 124000 dollars surged to a historic peak on Thursday morning during early Asian trading Supported by gains in US equities growing institutional investor demand and favorable US legislation the world’s largest cryptocurrency broke its previous record of 123205 dollars set on July 14
Peak above 124500 dollars before slight pullback
Overnight Bitcoin 124000 dollars briefly touched 124500 dollars before easing back By 2:08 GMT the cryptocurrency was trading near 123600 dollars
Macro factors driving Bitcoin 124000 dollars
The strong performance of Wall Street has provided momentum for the crypto market Institutional investors continue to expand their exposure while recent US legislation has reassured the industry
Bitcoin 124000 dollars short term outlook
Analysts suggest breaking this psychological threshold could attract new buyers and trigger increased volatility in the coming days
