Bitcoin Tests $123,000 on Monster Rally
Bitcoin (BTC-USD) surged above $123,000 for the first time ever, hitting a new all-time high of $123,091.61 earlier in the day before the world’s largest digital asset pull back.
The momentum that lifted the market value of BTCUSD was sharp as investors ramped up position before some retail selloffs soften the hunting heat on Monday
Major cryptocurrencies, Ethereum, Ripple, and Solana (SOL-USD) enjoyed the moment, but the top 10 failed to keep the momentum as bears stepped into the crypto exchange.
The digital asset is trading at $119,614, having gained 10.77% in the last seven days. Ethereum is trading at $2.988. ETHUSD has gained 17.89% in the last seven days in the crypto market.
Ripple (XRPUSD) has seen the highest gain among the majors in the last seven trading sessions, up by 27.18% to $2.91 at the time of writing on Monday.
For the first time since December, the total crypto market cap broke back above $3.8 trillion, hitting an intraday high of $3.89 trillion before receding.
Throughout the day, investors maintained a strong risk-on stance, with the Fear & Greed Index anchored at 74 and flashing “Greed.”
Much of the day’s liquidity chased Bitcoin’s breakout, leaving altcoins trailing with only modest gains, which had mostly faded after the tariff tensions emerged. #Bitcoin Tests $123,000 on Monster Rally#
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