Bitcoin hits a new all-time high of $123,000 before falling to $117,000

It is reported that Bitcoin (BTC) prices have gained significant momentum over the past few days. In particular, the jump above the psychological level of $120,000 marked a notable development that led to a continued upward trend. However, after reaching a new all-time price high of $123,091, the leading cryptocurrency experienced a drop to $117,000.