Bitcoin ($BTC) has surged to $121,000, extending its historic rally and reinforcing bullish sentiment across the cryptocurrency market.
Market Snapshot
- Current Price: $121,000
- 24H Change: +3.2%
- Market Cap: Over $2.38 trillion
- Trend: Strong upward momentum supported by institutional inflows and macro optimism.
Why Bitcoin is Soaring
- Institutional Demand – Corporations and funds are continuing large-scale BTC acquisitions.
- Macro Tailwinds – Anticipation of US interest rate cuts and favorable crypto policies are boosting investor confidence.
- Capital Rotation – Traders are reallocating from altcoins back into Bitcoin amid its dominance in the market.
CentBit Insight:
If Bitcoin maintains this pace, analysts see potential for a push toward $125,000 before the next consolidation phase, with altcoins poised to rally once BTC dominance begins to taper.
