Bitcoin Price Breaks $123,000, Bullish Momentum Targets $125,000

-


Bitcoin’s price climbed above $123,000 today, according to data from Tech Zone Daily Pro, putting it just shy of breaking its current all-time high of $123,180 set on July 14, 2025. The move comes amid surging institutional interest, record corporate holdings, and growing national-level profits from BTC adoption.

Coinciding with Bitcoin’s rise in price, today marked a major milestone for Michael Saylor’s Bitcoin-heavy firm, Strategy, whose BTC holdings closed at an all-time high valuation of $77.2 billion. Saylor announced on X that this represents a jump of $35.4 billion from the firm’s previous peak of $41.8 billion in 2024. Strategy’s aggressive accumulation strategy has made it one of the largest Bitcoin holders in the world and a key driver in market sentiment.

Meanwhile, El Salvador’s Bitcoin gamble continues to pay off. President Nayib Bukele revealed on X that the nation now sits on an unrealized profit of $468,307,816 from its BTC holdings. After investing $300,548,375 into Bitcoin, the country’s total BTC stash is now valued at $768,856,191. The nation’s Bitcoin Office celebrated the milestone, declaring: “El Salvador’s bitcoin bet is paying off BIG TIME! Our holdings just soared past $770M USD!”

Institutional investment products are also seeing surging activity. U.S. spot Bitcoin ETFs recorded massive trading volumes today, led by BlackRock’s IBIT, which alone traded over $3.7 billion. Fidelity’s FBTC followed as the second-most traded, logging $530 million in volume—substantial, but still well below IBIT’s dominance.

Some market watchers say the rally could take a brief pause before its next leg higher. “There will be more Bitcoin ATHs but I think we will see a pullback because alts are running too hot now,” said Samson Mow, CEO of Bitcoin technology company Jan3. “Once the altcoin mania passes, Bitcoin will take off. This is just how it’s always been.”

With Bitcoin just a fraction away from setting a fresh record and both institutional and sovereign adoption accelerating, market participants are watching closely for a breakout to the next milestone of $125,000. Whether it happens in hours or days, momentum appears firmly in Bitcoin’s favor—fueled by whale buying, corporate treasuries, and geopolitical endorsements.



Source link

Latest news

Why Minnesota Can’t Do More to Stop ICE

With the marshals under attack, Kennedy deployed first the Mississippi National Guard and then thousands of federal troops...

No One Is Quite Sure Why Ice Is Slippery

They intuited that molecules near the surface behave differently from those deep within the ice. Ice is a...

Phonak’s Latest Prescription Hearing Aids Isolate Speech From Noise

If you’re comparing the photos of the Audeo Infinio Ultra Sphere—Phonak's most powerful hearing aid to date—to the...

2 Minutes Is Fine for Cold Plunging, the Experts Say

Depending on your disposition, a minute in an ice bath can feel like agony or ecstasy. Perhaps you...

The Lego Pokémon Line Shows Toys Are Only for Rich Adults Now

From the moment a pixelated Gengar and Nidorino faced off in the opening animation of the first Pokémon...

Bambu’s P1S Combo 3D Printer Setup Keeps Me Tinkering

It's such a known issue that a lot of users print an aptly named “poop chute,” which collects...

Must read

You might also likeRELATED
Recommended to you