Bitcoin has achieved a historic milestone, surging past the $120,000 mark for the first time ever. According to trading data on the Binance cryptocurrency exchange, Bitcoin broke through this psychological barrier and is currently trading at approximately $121,214.56.
This latest surge follows a previous record set just last Friday, when the digital asset’s value exceeded $116,000. The world’s largest cryptocurrency by market capitalization has demonstrated remarkable strength against the US Dollar since the beginning of the year.
However, its journey to this new peak has not been without volatility. From February to April, Bitcoin experienced a period of price reduction, notably dipping to just over $76,000 on April 9th. The current rally signals a significant rebound and sustained bullish sentiment.
Market analysts are pointing to several factors contributing to Bitcoin’s unprecedented ascent in 2025. The approval and increasing adoption of spot Bitcoin ETFs in major markets like the US have significantly broadened investor access, drawing substantial institutional capital into the cryptocurrency. Furthermore, the 2024 Bitcoin “halving” event, which reduced the supply of new Bitcoin entering the market, has historically preceded significant price appreciation.
Macroeconomic conditions, including expectations of lower interest rates from central banks and a weaker US dollar, are also seen as tailwinds for Bitcoin, as investors seek alternative stores of value and higher returns in a more liquid environment. Some experts are now forecasting Bitcoin could reach as high as $200,000 to $250,000 by the end of the year if the current momentum holds.
