Bitcoin’s historic price surge has reached a new peak of $124,224, solidifying its dominance within the crypto market. This latest milestone comes as global cryptocurrency market capitalization tops a staggering $4.44 trillion. The digital asset’s ascent is attributed to a combination of factors, including the booming DeFi ecosystem and increased investment from institutional players. Ethereum and Solana also experienced notable growth, with Ethereum surging by 2.44% and Solana registering a gain of 2.29%. Several smaller-cap tokens saw explosive gains, suggesting robust capital flows into various blockchain projects. Shrapnel, HoneyCoin, and Mecka, for instance, received multi-million dollar funding rounds, further bolstering sector confidence. The overall market sentiment remains firmly bullish as the Fear and Greed Index hovers at 75 – indicating a sustained optimistic stance in the market. Despite the record highs, liquidity has remained strong with daily liquidations totaling $470 million. This signals continued volatility amidst positive price trends.