Bitcoin has now become the fifth most valuable asset in the world, after its price jumped to a record high of around $122,000.
At the moment, Bitcoin’s total market value is about $2.4 trillion, higher than Amazon, Silver, and Google, based on data from companiesmarketcap.com. Gold is still at the top with a market cap of $22.6 trillion, followed by NVIDIA, Microsoft, and Apple.
Bitcoin first crossed the $120,000 mark late Sunday night and kept climbing, reaching $122,500 by Monday.
“This rally isn’t just momentum, it’s infrastructure-driven. The rally is being driven by a powerful convergence: institutional inflows through ETFs, policy momentum in Washington, and macro liquidity that’s finally turning favorable.”
Vincent Liu – chief investment officer at Kronos Research
Why Is Bitcoin Still Rising?
Bitcoin keeps going up because more big investors are buying it through U.S. spot Bitcoin ETFs. These investment funds have seen positive cash flow for several weeks in a row, with over $16 billion added, according to SoSoValue.
At the same time, people are feeling hopeful about new crypto laws in the U.S. During this “Crypto Week,” lawmakers are expected to discuss and possibly move forward with important proposals like the CLARITY Act and the GENIUS Act, which could help make crypto rules clearer and friendlier.
As of now, Bitcoin is trading at $121,694.15, holding steady near its all-time high according to CoinMarketCap. This price level shows strong investor confidence and continued interest in the cryptocurrency.
