Why Is Bitcoin Going Up Today? BTC Price Hits New All-Time High (ATH)
According to CoinMarketCap data, Bitcoin is currently trading at $122,218, up 3.6% over the past 24 hours, accompanied by a 126% surge in daily trading volume.
The cryptocurrency has gained about 30% since December and is up 29% year-to-date. Bitcoin's latest surge follows months of sideways trading around the $100,000 level, with investors now betting on favorable regulatory developments and continued institutional adoption.
"This shift signals a maturing perspective on Bitcoin - not merely a speculative asset, but a macro hedge and a structurally scarce store of value," said George Mandres, Senior Trader at XBTO Trading LLC.
