Bitcoin Surges to $124,500 This Morning, Setting New Historical High
Bitcoin surged to $124,500 this morning (14th), once again setting a new historical high. The total market capitalization of the cryptocurrency market has reached $4.25 trillion, also marking a historical peak.
(Background: Ethereum climbed to $4,640, less than 5% away from its “historical high,” surpassing Netflix and Mastercard in market capitalization.)
(Context: Bitcoin broke through $121,400, leading to a liquidation of $370 million; Tom Lee predicts it will reach $250,000 by year-end.)
According to OKX data, Bitcoin’s price surged to $124,500 around 08:30 this morning (14th), setting yet another historical high. At the time of writing, it was reported at $123,760, having risen 3.5% over the past 24 hours. Simultaneously, the total market capitalization of the cryptocurrency market, as recorded by Coingecko, also surpassed $4.25 trillion, reaching a new historical high.
Ethereum Approaches $4,800
As for Ethereum, ETH briefly touched $4,784 at the same time Bitcoin set its new high, coming within less than $100 of its historical maximum of $4,871. If Bitcoin can maintain its high point, ETH may soon follow suit and set a new historical high.
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