Bitcoin has surged past the $122,000 mark, pushing closer to its all-time high as bullish sentiment sweeps through the crypto market. The rally comes amid strong inflows from institutional investors, increasing adoption, and renewed optimism about the broader digital asset space.
Traders are now watching closely for a potential breakout that could set new records in the coming weeks. Analysts point to a combination of macroeconomic factors, including expectations of interest rate cuts and growing ETF demand, as key drivers behind the move.
Ethereum, meanwhile, is making its own push higher. The second-largest cryptocurrency is now less than 3% away from reclaiming its 2021 peak, fueled by rising activity in decentralized finance (DeFi) and the NFT sector.
With both leading cryptocurrencies approaching critical resistance levels, the market’s next moves could set the tone for the remainder of the$BTC
year.