#BTCReclaims120K #BTCOvertakesAmazon
Bitcoin Hits Fresh All-Time High 🚀
Bitcoin has just reached a new all-time high of *$123,607* per coin on Bitstamp. This surge is fueled by strong demand from ETFs, corporate balance sheets accumulating $BTC , and favorable macroeconomic conditions.
Key Drivers of Bitcoin's Surge 📈
- *Institutional Adoption*: Growing demand from ETFs and corporate treasuries adding Bitcoin to their balance sheets.
- *Macro Conditions*: Potential rate cuts hinted by US Treasury Secretary Scott Bessent and President Trump could further boost Bitcoin.
- *Whale Accumulation*: Addresses holding over 100 $BTC hit a new high of 18,996, indicating strong accumulation by large holders ¹ ² ³.
Market Context 🌐
Bitcoin's price is nearing or has surpassed $123,000, just above its previous record of $123,180 set on July 14, 2025. Analysts like Cathie Wood of ARK Invest are ultra-bullish on Bitcoin's long-term prospects ¹ ².
Want to know more about Bitcoin's price movement or the impact of macro conditions on crypto?