Crypto Market Cap Hits ATH With Bitcoin at $124K

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Bitcoin has reached a new all-time high, which has pushed total crypto market capitalization to its highest ever level. 

Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp.

The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of $123,300.

BTC has added almost 8% over the past week, partly driven by easing global trade tariff tensions and US CPI (core inflation) remaining high, which increases the odds of a September rate cut.

Bitcoin Flips Google
The move pushed Bitcoin’s market capitalization to $2.46 trillion, which enabled the asset to flip Google (Alphabet) for the metric, becoming the world’s fifth-largest asset.


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