The Financial Association reported on August 13 (Editor: Xiaoxiang) that as investors further increased their risk investments in the global market, the price of Bitcoin reached a new all-time high during the New York session on Wednesday, almost in sync with the rise of the U.S. stock market...

Market data shows that Bitcoin broke through $123,500 during the overnight New York trading session, surpassing the historical high record of $123,205.12 set on July 14. On Thursday, during the Asian trading session, it even briefly exceeded the $124,000 mark.

This new milestone achievement in the market occurred shortly after the S&P 500 index closed at record levels for the second consecutive trading day, continuing the summer rally that has seen repeated new highs.
It is worth mentioning that with Bitcoin reaching a new high overnight, its total market capitalization has now reached $2.45 trillion - surpassing Google and ranking among the top five global asset market capitalizations, currently only behind gold, Nvidia, Microsoft, and Apple.

Holding coins is gradually becoming a trend.
In the past year, the price of Bitcoin has steadily risen, thanks to the friendly legislative environment towards the crypto sector formed by Washington after President Trump took office. Several publicly traded companies, represented by Strategy(, formerly known as MicroStrategy), have aggressively hoarded Bitcoin, thereby driving the growth in demand for this largest cryptocurrency in the world.
As shown in the figure below, as of the close on Wednesday this week, the value of Strategy's Bitcoin holdings has reached a record 77.2 billion dollars.

This coin-holding strategy, which is becoming increasingly popular among enterprises, has even spread recently.