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 There

• The 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 Boss

• Traders 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 Next

• Short-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 Highs

• Fun 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?