Bitcoin Hits New Record High of $124,196

Bitcoin has set a new record, soaring to $124,196. This latest surge marks one of the largest price rallies in recent history and signals increasing investor confidence in the crypto market. The rise is driven by several factors including strong institutional demand for Bitcoin ETFs, positive on-chain data indicating high holding sentiment among investors, and growing optimism surrounding the global economic outlook. As traditional markets face uncertainty, many are turning to Bitcoin as a hedge against inflation and economic instability. 124,196 #Bitcoin is now trading.