$BTC Bitcoin topped the $124,000 level for the first time Wednesday, extending a months-long rally.
The price of bitcoin
BTCUSD
+0.85%
hit a record high of $124,496 on Wednesday night, according to CoinDesk data. The world’s largest cryptocurrency has surged about 33% year to date, and nearly 120% over the past 12 months. At last check, bitcoin had retreated back below the $124,000 level.
