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Bitcoin has smashed through records to reach a new all-time high of $121,000 pushing its market cap to $2.53 trillion. The top cryptocurrency began the week around $108,000 before dipping to $106,000 but strong mid-week momentum drove it to new heights. A surge in institutional buying led by Metaplanet, GameStop and Semler Scientific helped spark the rally alongside major holders like Block Inc., Galaxy Digital and Glassnode.
The bullish trend has reignited confidence across the market with Bitcoin’s rise encouraging a wave of new investment from retail traders. Increased institutional backing has sent a clear signal that digital assets are gaining mainstream trust and acceptance. This powerful shift has pushed prices across the crypto space into green territory with many altcoins seeing double-digit gains.