#BTCReclaims120K Bitcoin has indeed reclaimed the $120,000 level, with its current price ranging from $121,668.91 to $121,932, depending on the source. This represents a 2.61% to 3.31% increase in the last 24 hours. The cryptocurrency's market capitalization is around $2.42 trillion, with a 24-hour trading volume of approximately $72.62 billion ¹ ² ³.
*Key Price Metrics:*
- *Current Price:* $121,695.41 - $121,932
- *24-hour High:* $122,166.93 - $122,119
- *24-hour Low:* $117,519.67 - $117,689
- *Percent Change (24h):* +2.61% - +3.31%
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*Market Outlook:*
Bitcoin's price surge above $120,000 is attributed to various factors, including increased institutional demand, robust network activity, and positive market sentiment. Analysts predict further gains, with some forecasting Bitcoin to reach $150,000 or even $250,000 by the end of the year. However, others caution about potential price volatility due to factors like regulatory developments and global economic conditions ² ⁴ ⁵.