BTC/USD: Bitcoin Smashing Records in Wild Rally as Traders Eye $120,000 for Next Big Milestone
Token’s too fast to catch all its record highs — powering all the way from $112,000 through $118,000 in less than 24 hours. Also, S&P 500, Nasdaq, Nvidia notch those ATHs. 💥 It’s Mayhem Out ThereThe world’s original crypto is on the run. Bitcoin , that volatile fire-breathing dragon, is putting on a fireworks show — blasting from $112,000 to as high as $118,000 in less than a day. Talk about blink-and-you’ll-miss-it gains for traders who sat on the sidelines. Could we have foreseen that powerful upswing? Maybe. Onchain data was from the institutional heavyweights like exchange-traded funds, investment firms and a growing number of corporations. Fresh institutional inflows, paired with some good old FOMO, are all feeding into this relentless push. Bitcoin’s market cap now sits comfortably above $2.3 trillion, outworking entire stock markets in smaller economies. 👊 Show ‘Em Who’s the BossTraders are now laser-focused on the next milestone: the big, round, meme-worthy $120,000 mark. Breaking that could unlock an even wilder wave of dip-buying and short squeeze liquidations (unless the permabears have loaded up the shorts). Bitcoin’s latest leg higher follows its clean breakout above the previous just yesterday. This fresh momentum leaves early-year consolidation ranges in the rearview mirror. The flagship crypto’s share of the total digital asset market has risen back above 64%, a four-year high, reminding altcoins who’s still king when traders want numbers, liquidity, and big headlines. 👀 Eyes on What’s NextShort-term, the $120,000 milestone is the obvious psychological ceiling. A breakout above that could stir up another round of leveraged longs — with some analysts already whispering about $125,000 targets. But macro factors still hover in the background: the Fed’s next policy moves and any fresh tariff volatility could test traders’ diamond hands. Presently, momentum, speculation, and froth appear to be ruling the day — and crypto bros are back to posting “number go up” memes on your crypto feed. 🥳 Celebrating Those Record HighsFun fact: the record-breaking rally in the price of Bitcoin happened on the same day that the S&P 500, the Nasdaq Composite, and the stock king, Nvidia, hit record closing highs. COINcidence?