In a historic milestone for the cryptocurrency market, Bitcoin has surged past $120,000 USD for the very first time, marking a major development in its global trajectory.
- The price recorded a peak of $122,571.19, later stabilizing around $121,952.61.
- This represents a 2.4% daily gain and nearly 29% growth year-to-date in 2025.
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📈 Key Drivers Behind the Surge
- Massive Institutional Inflows – Bitcoin ETFs (Exchange-Traded Funds) saw record inflows, with over $1 billion invested in a single day.
- Favorable US Legislation – Amid “Crypto Week” in the U.S. Congress, lawmakers considered significant regulations such as the Genius Act to oversee stablecoins and clarify digital-asset frameworks.
- Political Endorsements – Former President Donald Trump, known as the “Crypto President,” reaffirmed his support, sending a positive regulatory signal to markets.
- Technical Breakouts – Key technical resistance levels were broken, encouraging traders and analysts to bet on a move toward $125,000 or beyond.
Broader Market Impact
- Ethereum (ETH) climbed above $3,050.
- Other major altcoins, including Solana and Avalanche, also surged, reflecting growing optimism in the crypto sector.
Market Outlook: What’s Next?
Bitcoin’s breakout indicates more than a price milestone—it reflects a shift toward institutional acceptance and regulatory clarity. As traders eye a potential climb toward $200,000, the market remains cautiously optimistic here in mid‑2025.
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