Bitcoin (BTC) is trading around $123,442 USD, having hit an intraday high near $124,234 and a low around $119,014 . It reached a new all-time high of roughly $124,000 today, buoyed by rising expectations of U.S. Federal Reserve rate cuts and broader institutional adoption, including 401(k) crypto investment initiatives . Market sentiment remains bullish, with analysts eyeing a possible move toward $150,000 in the coming months .