Bitcoin surged to an all-time high early Thursday in Asian markets, briefly topping $124,500 before settling near $123,600. The cryptocurrency’s rally comes on the heels of a record-setting session on Wall Street, driven by renewed interest from institutional investors and a regulatory climate in the U.S. that’s seen as increasingly favorable.
This latest spike has officially broken the previous record of $123,205, set just a month ago on July 14. Bitcoin has been riding a steady upward trend for months, fueled in large part by public support from President Donald Trump’s administration, which has taken a more open stance toward the crypto sector.
Since the start of the year, Bitcoin has gained nearly 32%, reinforcing its reputation as a go-to asset for investors seeking diversification and stronger returns. Its steady climb reflects growing confidence in its long-term value, particularly among big financial players who once kept their distance from digital currencies.
