Bitcoin News Today: Bitcoin Hits $123,000 All-Time High Amid Institutional Adoption

Bitcoin has reached a new all-time high of $123,000, marking a significant milestone in the cryptocurrency market. This surge is driven by increasing institutional adoption and optimism around crypto as a hedge against inflation. Ethereum has also gained popularity due to increased activity in decentralized finance (DeFi) and non-fungible tokens (NFTs). Analysts suggest that if bullish conditions persist, Bitcoin could potentially surpass $130,000.

In the political sphere, Donald Trump has expressed support for including crypto in 401(k) retirement plans. This move could potentially mainstream digital assets among average American savers. Concurrently, the US House of Representatives has passed three significant crypto-related bills aimed at providing clearer regulatory frameworks and enhancing investor protection.

Meanwhile, the European Union has taken a firm stance against illicit crypto activity by tightening anti-money laundering (AML) rules. This signals a no-tolerance approach toward financial crimes in the blockchain space. In Russia, Sberbank has announced plans to offer custody services for domestic digital assets, indicating a slow but steady acceptance of crypto by major financial institutions despite ongoing geopolitical tensions.

These developments come as the crypto market experiences one of its most dynamic weeks, with Bitcoin's surge to $123,000 fueled by growing institutional adoption and increasing optimism around crypto as a hedge against inflation. The political and regulatory landscape is also evolving, with significant moves by key figures and institutions shaping the future of digital assets.