Here’s your Bitcoin (BTC) update for today

This chart highlights a recent sharp rally in Bitcoin's price and provides context to today's market dynamics.

Market Snapshot

New All-Time High Reached

$BTC Bitcoin surged to a fresh ATH of $124,002.49, fueled by anticipation of U.S. Federal Reserve rate cuts and recent financial reforms easing crypto access (e.g., inclusion in 401(k) accounts) .

Catalysts Behind the Rally

Regulatory Tailwinds: The Trump administration’s executive order permitting crypto investments in retirement accounts has added institutional momentum .

Macro Support: Expectations of looser monetary policy from the Fed have bolstered bullish sentiment .

Institutional Demand: A staggering 75% of trading volume on Coinbase now comes from institutional players, a trend that historically precedes price increases within a week .

Key Levels to Watch

Resistance & Price Discovery: Bitcoin is trading within 1% of its ATH; a daily close above $120,000—especially if it surpasses $123,218—could launch it into a new price discovery phase with upside targets near $125,000 and higher .

#BTCBreaksATH #BinanceHerYerde

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