Bitcoin soared to a fresh all-time peak of $121,216 on Monday morning. Since dipping to $75,000 in early April, the leading cryptocurrency has climbed by more than $45,000, marking a remarkable rebound.
At around 9:55 a.m. Pakistani Time, BTC had risen nearly 3%, reaching its new high of $121,216.
Investor confidence has surged, with renewed appetite for risk as multiple global economies express strong interest in embracing crypto for financial growth.
Market analysts are forecasting a further rally, with many expecting Bitcoin to approach $130,000 before the month concludes.
At the time of reporting, Ethereum (ETH) was trading 3.15% higher at $3,051, Solana had gained 3.38% to reach $167, and BNB stood at $699 per token.
