Bitcoin surged past $122,000 today, fueled by a major policy shift in the United States allowing 401(k) retirement plans to include cryptocurrency investments. This move potentially unlocks access to nearly $9 trillion in retirement assets, sparking optimism and drawing fresh institutional and retail interest into the market.
Despite the excitement, Bitcoin has not yet broken its all-time high of $123,091.61, set less than a month ago on July 14, 2025. The climb has been steady in recent days, supported by strong inflows, positive market sentiment, and speculation that further regulatory clarity could sustain the rally in the weeks ahead.
Ethereum also held firm at multi-year highs, adding to the bullish tone across the crypto market. Analysts note that the recent surge reflects broader acceptance of digital assets in mainstream finance, with traditional investors increasingly viewing Bitcoin as both a store of value and a hedge against economic uncertainty.
While the new policy may mark a turning point for long-term adoption, traders remain cautious. Volatility is still inherent in crypto markets, and resistance near the all-time high could trigger short-term pullbacks. For now, Bitcoin is flirting with record territory, leaving markets wondering if the next push will finally set a new milestone.
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