Bitcoin Hits Record High Above $123K as Market Reaches New All-Time Lows

Bitcoin (BTC) surged past the $123,231 mark on Wednesday, marking an all-time high in a move driven by market expectations and anticipation of investor behavior. The price break came amidst strong performance from broader markets like the S&P 500, which also hit record highs. Analysts attributed Bitcoin’s ascent to continued growth in decentralized finance (DeFi) applications and the increasing participation of institutional investors.