Bitcoin hits new all-time record high

Core Insights - Bitcoin is experiencing strong demand from investors, hovering near its record high, with significant contributions from institutional investors and favorable policies from the U.S. administration [1][2] - The cryptocurrency has surpassed $125,000 for the first time, marking a gain of over 33% this year, with a recent increase of 1.88% [2] - The rise of Bitcoin is correlated with the weakening of the U.S. dollar, which has declined nearly 10% this year, prompting investors to diversify away from U.S. assets [3] Price Movements - Bitcoin reached a peak of $125,653.32 and is currently trading at $125,081.85, indicating a positive trend with two consecutive sessions of gains [2] - Since breaking below $110,000 just over a week ago, Bitcoin has surged approximately 13% [3] Market Analysis - The daily MACD indicator shows a sharp upward trend, suggesting increased momentum for Bitcoin, although a consolidation phase may be necessary before further gains [4]