Bitcoin all-time high surge decoded: What's fueling the rise in cryptocurrency, could it hit $150,000, and what's next?

Bitcoin reached a new record high, surpassing $124,000. Strong US markets and policy changes boosted investor confidence. Regulatory shifts under President Trump encouraged digital asset adoption. Institutional investors like Trump's media group and Tesla increased demand. Expectations of US interest rate cuts also influenced the surge. Analysts suggest the rally may continue if institutional interest remains strong.