$BTC $BTC

Bitcoin rises to $120,000 supported by unprecedented institutional adoption. The successful launch of the first Bitcoin ETFs in the UAE and Saudi Arabia. The "Primer" network update triples transaction capacity while reducing fees by 90%. China announces the purchase of 5,000 Bitcoins for its sovereign reserves as part of a new diversification policy. The "Cobra" exchange hack scandal leads to estimated losses of $450 million and causes severe fluctuations. The European Union enacts the Marques law for cryptocurrencies to regulate unsecured wallets. Bitcoin becomes legal tender in 3 new African countries, including Nigeria and Senegal. Elon Musk announces that X Corp will pay its $2 billion tax entirely in Bitcoin. A split in the developer community over the "Atlantis" update to integrate zk-Proof technologies amid security concerns. Reports of BlackRock acquiring 7% of the total Bitcoin traded globally.$BTC