Bitcoin Reaches All-Time High of $125K, Market Surges

Bitcoin has hit an all-time high of $125,000, shattering market expectations and triggering a surge in interest. This historic milestone, confirmed by Binance data, reflects growing institutional investment in the crypto space. Key figures across the industry are acknowledging this landmark event. Jesse Powell of Kraken, Changpeng Zhao of Binance, Vitalik Buterin from Ethereum have all weighed in on social media, highlighting its potential impact. 24-hour trading volume for Bitcoin surpassed $34 billion as exchanges saw a surge in activity, while Ethereum’s trading volumes jumped by approximately 12%. This spike in demand has also driven increased interest in related assets and DeFi protocols. Stablecoin supplies have expanded to accommodate the rising market activity. Analysts are anticipating regulatory responses and further technological advancements shaping the future of the crypto market. Arthur Hayes and Raoul Pal express confidence in Bitcoin’s long-term potential for growth, hinting at a future marked by new price points and broader market expansion.