#BTC #ETH #ADA 🚀 Bitcoin Hits $123K Amid Wall Street Frenzy; Schiff Cites Dollar Weakness
Bitcoin surged to a record $123,000 on Monday, fueled by strong demand from both institutions and retail investors. Daily trading volume spiked, with prices stabilizing around $117,000. Realized market cap crossed $1 trillion, highlighting massive on-chain profits.
However, longtime critic Peter Schiff dismissed the rally, attributing it to a weakening U.S. dollar rather than Bitcoin’s strength. He argued that the milestone is less meaningful as BTC hasn't hit similar highs in euros or francs, warning again of a speculative bubble.