Bitcoin has surged to a brand new document excessive of $123,503, climbing 3.04% over the previous 24 hours. The rally gained momentum via the afternoon buying and selling window, with robust shopping for stress pushing costs previous earlier resistance ranges.
Market analysts level to renewed institutional inflows and optimistic macro sentiment as key drivers, alongside momentum from the broader crypto market. Ethereum additionally noticed a serious transfer, spiking over 4% in the identical interval, hinting at a wave of cross-asset enthusiasm in digital property.
Bitcoin hit a brand new all-time excessive of $123,503 on Wednesday night time, supply: Bitcoin Liquid Index
With Bitcoin now deep into uncharted territory, merchants are awaiting indicators of whether or not this breakout can maintain — or if the market is due for a pointy spherical of profit-taking.
Analysts reminiscent of Bitwise are pointing to a Bitcoin worth prediction goal of $200,000 in 2025.
Extra to return.
