Bitcoin has reached a new record high of $123,165, pushing its market value to $2.39 trillion and surpassing Amazon to become the fifth most valuable asset in the world.
This marks a 30% increase since the beginning of the year. The surge is driven by strong investor demand, new crypto-friendly policies in the United States, and the weakening of the US dollar.
President Donald Trump’s recently passed “Big Beautiful Bill” has given digital currencies legal support, attracting more institutional money into Bitcoin. At the same time, the US dollar has lost over 10% of its value in 2025, making Bitcoin a preferred hedge against inflation.
“Bitcoin is entering a new financial era,” said Eric Demuth, CEO of Bitpanda. “It’s no longer just for tech-savvy investors. It’s becoming a global asset.”
Other cryptocurrencies are also gaining. Ethereum reached $3,036, and the overall crypto market value rose to $3.78 trillion. Bitcoin now makes up over 63% of the total market, with daily trading volume hitting $282 billion.
Experts say Bitcoin has crossed important technical levels, suggesting the price could rise further, even up to $200,000. However, some analysts still urge caution due to possible price corrections ahead.
As Bitcoin gains acceptance by banks, companies, and even governments, it may be on track to become a central part of the global economy, not just a high-risk investment.
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