New York, Aug 14 (V7N) – Bitcoin’s meteoric rise continues, with the world’s largest cryptocurrency climbing 0.9% on Thursday to surpass the $124,000 mark — its highest value to date.

The digital asset has gained 32% since the start of 2025 and more than 105% year-on-year. Over the past week alone, Bitcoin has risen nearly 7%.

Ethereum, the second-largest cryptocurrency by market capitalization, also reached a record high, trading at $4,780. Binance Coin surged to $800 after a 7% weekly gain, while Solana rose 9.45% to around $180.

Market analysts attribute Bitcoin’s sustained rally to the unprecedented rise in U.S. debt levels, which is fueling investor demand for alternative assets like Bitcoin and gold. They note that the momentum appears unlikely to slow, regardless of whether the U.S. economy is in growth or recession.

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