Bitcoin rallied to a fresh record above $120,000 on 22 July, extending a month-long advance in the largest cryptocurrency. Pricing feeds from major digital-asset exchanges showed the token briefly topping the milestone during afternoon U.S. trading before stabilising just below the mark. The surge capped a series of new highs set earlier in the month. Bitcoin first cleared $112,000 on 9 July and reached $113,651 the following day. It resumed its climb on 22 July, touching $119,000 earlier in the session before breaking through the $120,000 threshold. Portuguese financial outlet Diário de Notícias, citing Bloomberg data, linked the latest advance to renewed trade tensions and a weaker U.S. dollar, conditions that have historically boosted demand for perceived alternative stores of value such as Bitcoin.