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Bitcoin hits record high above $124,000

Gulf News

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August 15, 2025

The cryptocurrency rises past its previous July record

Bitcoin hit a record high yesterday during early Asian trading, surpassing $124,000, driven by favourable US legislation and a rise in US equities.

The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating.

US stocks ended higher on Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's rise.

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