Bitcoin (BTC) soared to a new all-time high of $122,000 on Monday morning, marking a significant milestone in its price history.
The leading cryptocurrency has surged over $45,000 since hitting a low of nearly $75,000 in early April, reflecting renewed investor confidence. By 9:55 a.m. (Pakistan Standard Time), Bitcoin had risen almost 3% to reach its record level of $122,000.
Read more: Bitcoin Surges to Record High, Surpassing January Peak
The latest rally is fueled by a growing global embrace of cryptocurrencies. Various countries have begun exploring crypto integration and regulation, prompting a fresh wave of optimism among investors. Analysts attribute the rally to a strong appetite for risk and increasing institutional interest in the crypto market.
Market experts believe this upward momentum could push Bitcoin even higher, with several forecasts predicting BTC to hit $130,000 by the end of the month.
Meanwhile, other major cryptocurrencies are also seeing gains. Ethereum (ETH) is trading at $3,051, up by 3.15%, while Solana has risen 3.38% to reach $167. Binance Coin (BNB) is up as well, currently priced at $699 per token.
This bullish trend highlights a broader resurgence in the crypto space as market sentiment improves and regulatory developments become more favorable across different economies.
As digital assets continue to gain legitimacy and wider adoption, market watchers are closely monitoring Bitcoin’s path ahead, particularly in the run-up to further institutional moves and technological upgrades across blockchain networks.
