Bitcoin has hit a new all-time high of approximately $124,457, briefly surpassing Google's market cap to become the fifth-most valuable asset globally, with its market cap reaching around $2.459 trillion.

This surge has driven Bitcoin's price to a record peak, reflecting strong market momentum and investor confidence.

Following this rally, Bitcoin's price has slightly decreased to about $121,692, but it remains up over 5.8% in the past week, supported by positive macroeconomic factors.

Institutional players like SpaceX now hold over $1 billion worth of Bitcoin, with 8,285 BTC, highlighting significant corporate investment in the cryptocurrency.

El Salvador has benefited from its consistent Bitcoin purchases, realizing unrealized profits of $66 million, which represents a 115% return on its holdings.

Despite predictions of a Bitcoin surge, recent data shows that Ethereum ETFs are outperforming Bitcoin ETFs, with over $2.2 billion inflows into ETH funds compared to nearly $87 million into Bitcoin funds, indicating strong institutional interest in Ethereum.

Major financial institutions are actively investing in crypto assets, with Linekong Interactive holding significant crypto portfolios and planning a $100 million asset management fund focused on high-potential digital assets.

Market analysts suggest that Bitcoin could break above $126K, potentially triggering a rapid rally, while some experts warn of a possible short-term pullback due to altcoin overperformance.

Crypto pioneer Samson Mow predicts two possible scenarios post-ATH: either Bitcoin and altcoins will diverge with alts dropping 30-40%, or a temporary Bitcoin dip will be followed by a recovery amid a mania for altcoins.

Offchain Labs has acquired ZeroDev, a team supporting over 5 million smart accounts across more than 30 chains, aiming to bolster on-chain infrastructure.

Rumors about Jing Yaping mining Bitcoin using government servers have been officially denied, clarifying that the case does not involve Bitcoin.

Elon Musk's SpaceX continues to increase its crypto holdings, now exceeding $1 billion in Bitcoin, emphasizing the growing institutional adoption of digital assets.

Betting markets show increasing odds of Bitcoin reaching between $130K and $200K by the end of 2025, with over 80% chance for $130K+ and nearly 50% for hitting $150K.