Bitcoin BTC/USD raced past $121,000 overnight Sunday, capping a historic week on a high.
What happened: The apex cryptocurrency hit an all-time high of $121,209 around midnight, with trading volume jumping 34% to $61.36 billion in the last 24 hours
Bitcoin broke milestones this week, first surpassing its previous high of $112,000, and there has been no going back since.
Strong institutional demand fueled the rally, with Bitcoin exchange-traded funds raking in about $2.72 billion in net inflows last week, according to SoSo Value.
Price Action: At the time of writing, Bitcoin eased at $121,008.78, up 2.71% in the last 24 hours, according to data from Benzinga Pro. The coin rose over 10% in the last week, and 28% year-to-date.
Photo Courtesy: PV productions on Shutterstock.com
Read Next:
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.