NEW YORK – Bitcoin soared to a new all-time high of $120,000 on Monday, fueled by growing investor confidence, institutional interest, and optimism over regulatory developments.
The digital currency climbed more than 6% in just 24 hours, continuing its upward trajectory and cementing its position as the world’s leading cryptocurrency.
Crypto Momentum Builds
Market analysts attribute the surge to increased demand from global investment firms and expectations of favorable crypto regulations in major economies. Other cryptocurrencies, including Ethereum, also posted significant gains following Bitcoin’s rally.
Experts Urge Caution
Despite the record-breaking climb, financial experts caution that the crypto market remains highly volatile, and advise investors to remain vigilant amid potential price swings.
Bitcoin previously broke the $100,000 barrier just weeks ago, making this latest milestone another significant step in its rapid ascent.
This story has been reported by PakTribune. All rights reserved.
