Bitcoin Reaches New All-Time High, Surpassing $123,637

Bitcoin broke through a historical barrier, reaching an unprecedented all-time high of $123,637 on Wednesday night, according to data from Binance. This surge comes amidst growing bullish sentiment and driven by factors such as the expanding DeFi landscape and increased institutional investment. Despite recent losses in short positions, Bitcoin’s value remains strong. The total cryptocurrency market cap reached a record $4.2 trillion, fueled partly by Ethereum’s remarkable performance.