Bitcoin surges over USD$120,000 for the first time
As performance continues, trust builds and adoption grows bitcoin is fast becoming a 'must have' in an investment portfolio with its strong risk-adjusted returns. Looking ahead, continued institutional allocation feels inevitable, especially with an improving regulatory environment and that will serve as a tailwind for bitcoin through the rest of 2025.
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Jordan News
20 hours ago
- Jordan News
Bitcoin Surpasses $120,000 Amid Renewed Investor Optimism - Jordan News
Bitcoin hit a new all-time high on Monday, surpassing the $120,000 mark for the first time, signaling renewed investor confidence and growing institutional interest in the world's largest cryptocurrency. اضافة اعلان The rally comes as the U.S. House of Representatives begins debating a package of bills aimed at establishing a long-awaited regulatory framework for the digital asset industry — a move widely welcomed by crypto companies and investors alike. President Donald Trump, who has branded himself the 'crypto president,' has voiced support for updating regulations to accommodate the fast-growing sector, further fueling optimism in the market. So far in 2025, Bitcoin has risen by 29%, driving a broader surge in the crypto market, despite recent turmoil related to Trump's new tariff measures, which had injected short-term uncertainty. Ethereum (ETH), the second-largest cryptocurrency, also soared to its highest level in more than five months, reaching $3,048.23 before slightly retreating to $3,036.24 in recent trading, according to Reuters. The total market capitalization of cryptocurrencies has now reached approximately $3.78 trillion, based on data from CoinMarketCap — a level not seen since the bull run of late 2021. The latest surge reflects growing anticipation that the U.S. regulatory landscape may finally offer clarity and legitimacy to a sector long marked by volatility and legal ambiguity.
Ammon
a day ago
- Ammon
Bitcoin tops $120,000 for the first time
Ammon News - Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $122,571.19, before pulling back slightly to last trade 2.4% higher at $121,952.61. "It's riding a number of tailwinds at the moment," said IG market analyst Tony Sycamore, citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness. "It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now. It looks like it can easily have a look at the $125,000 level," he said. The surge in bitcoin, which is up 29% for the year so far, has sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump's chaotic tariffs. Reuters
Al Bawaba
a day ago
- Al Bawaba
Bitcoin surges over USD$120,000 for the first time
Bitcoin has surged past USD$120,000 for the first time, marking yet another record in what's shaping up to be a monumental rise. Strong ETF inflows and a solid macro backdrop have helped drive market momentum and that momentum keeps driving new all-time highs. The pace of gains in recent weeks reflects not just growing demand, but the growing maturity of bitcoin as an asset class, according to Josh Gilbert, Market Analyst at eToro. What we're seeing now is sustained interest, supported by structural inflows, rather than short-term speculation. That matches the most crucial shift, which is who's buying. Institutional adoption is growing, and this is the first real bull market where institutional participation is front and traded companies are now adopting bitcoin as part of their treasury strategy, with some making multi-billion-dollar allocations. At the same time, retirement funds and sovereign wealth funds are starting to gain exposure through ETFs, adding to the wave of demand chasing a fixed banks keep running expansive monetary policies and global money supply keeps rising. In that environment, an asset with fixed, decentralised supply cements itself as an alternative store of retail adoption is still only getting started. Bitcoin as an asset in an investment portfolio is still in its infancy, and that in itself creates a huge opportunity for bitcoin and crypto to flourish over the next decade. This is just the beginning of widespread adoption, seamless integration with traditional finance, and robust regulatory frameworks. As performance continues, trust builds and adoption grows bitcoin is fast becoming a 'must have' in an investment portfolio with its strong risk-adjusted returns. Looking ahead, continued institutional allocation feels inevitable, especially with an improving regulatory environment and that will serve as a tailwind for bitcoin through the rest of 2025.
