Bitcoin soared to a new all-time high late on Wednesday, reaching $124,496, surpassing the previous record set in July of $123,193.63. Concurrently, Ethereum also surged overnight, approaching its all-time high of $4,866.01 set in 2021, reaching $4,791.19. According to Coin Metrics data, this surge in Bitcoin and Ethereum underscores the robust momentum currently driving the cryptocurrency market.
