Bitcoin tops $124K as realized price breaks key long-term level

Bitcoin surged past $124,000, its fourth record high of 2025, as its realized price climbed above the 200-week moving average for the first time in nearly three years, according to CoinDesk citing Glassnode data. The move, seen as a long-term bullish signal, has historically preceded extended rallies, as in the 2017 and 2021 cycles, suggesting the current uptrend could continue.