Bitcoin rallied above $121,000 in early Asia trading on Monday, rising almost 3% to around $121,700, according to price feeds cited by FirstSquawk and other market-data services. The move puts the world’s largest digital asset back within sight of its mid-July record near $123,000 and boosts its market capitalisation to roughly $2.4 trillion. Momentum spread across the broader market. Ether advanced about 2.6% to $4,335, marking its highest daily and weekly close since December 2021 and extending a 44-month price high noted by analysts. With both tokens gaining, aggregate cryptocurrency capitalisation surpassed $4 trillion, data providers showed. Traders pointed to renewed risk appetite and expectations that MicroStrategy Chairman Michael Saylor could unveil another sizeable Bitcoin purchase after he reposted the company’s holdings tracker, a move that has preceded past acquisitions.
$BTC reclaims $121k as it closes in on a new all time high. 👀 https://t.co/0R0XLk5JrY
🚨 BITCOIN BLASTS PAST $119K AMID STRATEGIC RESERVE BUZZ Bitcoin surges to $119,000 as U.S. treasury buys spark renewed optimism; traders eye strategic reserve plans and shrug off Fed rate jitters. https://t.co/TpD9iKnm25
BITCOIN IS GOING UP FOREVER FEW UNDERSTAND