Bitcoin price hits record high above $123,500 amid crypto rally
Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market.
Bitcoin briefly traded at $123,512 before easing back to around $121,700.
The world’s biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000.
Read more: Crypto live prices
“Bitcoin’s latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,” VOOI CEO and Symbiosis.Finance co-founder Will K said.
“While ETFs brought institutions into bitcoin, retail traders are returning…
