Bitcoin reached a new all-time high and traders expect liquidations to push the price above 125,000 dollars
Bitcoin established another all-time high at 123,231 dollars after data from the US Consumer Price Index showed that inflation in July remained unchanged month over month and registered a year-over-year increase of 2.7%.
The Bitcoin rally to new highs places its market capitalization above 2.45 trillion dollars, while the total cryptocurrency market capitalization currently stands at a record 4.15 trillion dollars.