Bitcoin Sets New All-Time High At $124,000 As Record-Breaking Surge Continues

BitcoinBTC/USDhit a new all-time high of $124,000 overnight on Wednesday, fueled by the inclusion of cryptocurrency investments in 401(k) retirement plans and macroeconomic optimism.Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.Get StartedDisclosure: 82% of retail CFD accounts lose moneyThe Ascent ContinuesThe apex cryptocurrency outperformed its previous best of $123,091, with trading volume jumping 26% to $93.06 billion in the last 24 hours.Bitcoin is up over 32% so far this year. The latest spike comes on the heels of PresidentDonald Trump‘s executive order making it easier for alternative investments, includingprivate equity and cryptocurrencies, to be added to 401(k) accounts.Investors also raised their appetite after July’s consumer price indexcame in lower than expected, boosting hopes of a Federal Reserve rate cut in September.Price Action: At the time of writing, BTC was trading at $124,387.22, up 3.67% in the last 24 hours, according todata from Benzinga Pro.Read Next:What Happens When A Country Builds Real Banks Around Bitcoin? El Salvador Is About To Show UsPhoto Courtesy: Shutterstock/Quality Stock ArtsLoading...Loading...$BTCBitcoin - United States dollar$123670.830.25%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum88.50Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsMarketsMoversTrading Ideas