Bitcoin rallied past $122,000 on Wednesday, touching an intraday peak near $122,600 and putting the world’s largest cryptocurrency within about 1% of its record high set last month. The advance accelerated after the token registered its highest-ever daily close at $120,107 earlier in the session. Market data show Bitcoin added roughly $1,500 in 20 minutes and more than $2,300 in under an hour as buying momentum intensified. The move ends several weeks of range-bound trading and has renewed expectations that Bitcoin could set a fresh all-time high in the coming sessions.