Bitcoin prices rose above $123,000 today, shy to break the current record high of $123,180 on July 14, 2025, the highest ever, according to data from Bitcoin Magazine Pro. The move comes amid a surge in institutional profits, recording company holdings and increasing national level profits from BTC adoption.
Consistent with the rising price of Bitcoin, today marks a major milestone in Michael Saylor’s Bitcoin-rich strategy. Saylor announced at X that it represents a $35.4 billion jump, $41.8 billion, from the company’s previous peak in 2024.
Meanwhile, Salvador’s Bitcoin gambling continues to pay off. President Nayib Bukele revealed in X that the country currently sits with an unrealized profit of $468,307,816 from its BTC holdings. After investing $300,548,375 in Bitcoin, the country’s total BTC stash is currently valued at $768,856,191. The country’s Bitcoin office celebrated the milestone and declared:
We are also seeing an uptick in activities for institutional investment products. The US Spot Bitcoin ETF recorded a massive trading volume led by BlackRock’s IBIT today. Fidelity’s FBTC recorded a volume of $530 million, following the second traded.
Some market watchers say that the rally could take a short break before the next leg gets high. “There will be more Bitcoin Asu, but we think we’ll see a pullback because ALT is running now,” said Samson Mow, CEO of Bitcoin Technology Company. “When Altcoin Mania passes, Bitcoin takes off, and this is how it always happens.”
With institutional and sovereign adoption accelerated just a fraction of Bitcoin’s fresh record, market participants are closely watching the breakout to the next milestone of $125,000. Whether it’s hours or days, momentum is solidly visible in the favor of Bitcoin. It’s flammable with whale purchases, corporate finance ministry and geopolitical support.
Source: https://bitcoinmagazine.com/markets/bitcoin-price-breaks-123000-bullish-momentum-targets-125000
