Bitcoin Surges Past $120,000 as Crypto Markets Rally
- Bitcoin climbed above $120,000, marking a significant recovery with a weekly increase of over 10%.
- Major cryptocurrencies also saw gains, with Ethereum rising by 15% to $4,480 and BNB reaching a new all-time high of $1,100.
- The surge is partly attributed to substantial ETF inflows totaling over $2.25 billion this week.
- A Biden-era tax proposal on unrealized asset gains was dismissed, potentially freeing up investment capital.
- CME announced plans to launch around-the-clock crypto futures and options trading in early 2026.
The cryptocurrency market is experiencing robust growth as Bitcoin breaks past the $120,000 mark, supported by ETF inflows and favorable regulatory news regarding digital assets in the U.S. This rally is not limited to Bitcoin alone, as other major cryptocurrencies like Ethereum and BNB are also seeing significant price increases.
This upward momentum in the crypto market highlights increased investor confidence and potential for further growth as regulatory conditions improve and institutional interest rises.(Source)
