News

Bitcoin rewrites history: New high of 124,500 $

BY Marek Jendral

Bitcoin reached a new all-time high as its price surged to $124,500 per coin, according to TradingView data. With this rise, BTC’s market capitalization surpassed the value of tech giant Google, making the cryptocurrency the fifth largest asset in the world according to the CompaniesMarketCap ranking.

Bitcoin breaks records

The largest cryptocurrency surpassed its previous peak of $123,236 from July 14, 2025. Its market capitalization now stands at $2.456 trillion, with a 24-hour global trading volume of $82.32 billion, according to CoinMarketCap. The majority of trading comes from exchanges like Binance, Bybit, Coinbase, Upbit, and OKX.

Bitcoin reached an all-time high
Bitcoin reached an all-time high. Source: tradingview.com

During the rise to a new all-time high, Bitcoin dominance dropped to 59.37%. It is currently in a correction of over 10%, representing the second-largest drop since the start of the uptrend in November 2022.

This suggests that the current uptrend may be approaching an overheated, possibly final phase, where altcoins take the initiative. Currently, mainly large-cap projects are leading, but smaller ones will soon follow, which historically has always signaled a near peak.

  • Investing is risky, invest responsibly: Bitcoin and other cryptocurrencies are highly risky assets with significant price volatility. Therefore, it is important to invest only the amount you are prepared to potentially lose. Diversify your portfolio, use stop-loss orders, and avoid emotional decision-making.

Get 100 $ bonus on Binance

Increased appetite for risk

Such a market structure indicates that traders not only believe in growth but also expect it to accelerate. Increased appetite for risk and capital flows into Bitcoin could trigger the next phase of price discovery.

An increased appetite for risk among retail traders means they are willing to invest in more volatile and less established assets with the hope of higher returns. This often leads to higher trading volumes in altcoins, leveraged positions, and short-term speculation, increasing overall market volatility and risk of a peak.

Bitcoin is the 5th largest asset in the world
Bitcoin is the 5th largest asset in the world. Source: companiesmarketcap.com

The rise of Bitcoin also strengthens its influence on the entire cryptocurrency ecosystem. Institutional investors may be forced to adjust their strategies, while altcoins are likely to follow this trend. Market dynamics are thus heading toward a period in which Bitcoin could become an even stronger pillar of the digital financial ecosystem.

Where to trade Bitcoin?

You can trade cryptocurrencies on the Binance exchange, which offers a wide selection of digital assets, low fees, and an easy-to-use interface. The platform is suitable for both beginners and advanced traders, providing modern tools and security standards to protect investments.

Marek Jendral

Written by

Marek Jendral