Bitcoin rallied sharply on Wednesday, climbing past $122,000 for the first time in months and extending a brisk rebound that began earlier in the session when the token reclaimed the $121,000 level. Pricing data show the world’s largest cryptocurrency added roughly $1,500 within about 20 minutes, leaving it less than $1,200 shy of its all-time high. The latest leg higher underscores renewed momentum in digital-asset markets after a period of relative consolidation.