DeutschThe mother of all cryptocurrencies has reached a new all-time high. On Monday morning, Bitcoin surpassed the $120,000 mark for the first time on the Bitstamp platform, climbing to a peak of $123,200. A price level that was considered utopian just a few months ago is now a reality. The rally is being driven by political decisions in the USA, but also by growing interest from institutional investors.
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The surge doesn’t come out of nowhere. A new dynamic has been emerging for weeks. Analysts speak of an “unleashing” of the market, which had long been trapped in a sideways movement. Now the direction seems clear: upwards. And with momentum.
Bitcoin Breaks the $120,000 Barrier
Washington is at the center of the euphoria. During the so-called “Crypto Week”, members of the US Congress are discussing three central bills to regulate the crypto market. The tendency: more liberal. The political agenda, largely driven by the Republican majority under Donald Trump, signals tailwind for Bitcoin and other digital assets. Observers interpret the signal effect as a clear commitment to a crypto-open financial market.
Trump himself has long since discovered Bitcoin as a future technology. Since his return to the White House last November, the price has risen by more than 75 percent. His government is deliberately positioning itself against overly strict interventions – in contrast to the rather restrictive tones from Brussels or Beijing. The political change of course in Washington has apparently had an effect: Investors’ confidence is returning – and with it, capital.
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But it is not only politics that is providing tailwind. Analyst Rachael Lucas from BTC Markets points to another driver of the rally: exchange-traded Bitcoin funds. Demand for these so-called ETFs is rising rapidly, especially among institutional investors. Bitcoin is increasingly being perceived as a serious investment vehicle – a crucial step for mainstream adoption.
BTC Rally with No Limit?
Short-term profit-taking is conceivable, says Lucas, but the trend is clearly upwards. Analyst Timo Emden from Emden Research also speaks of a “sustainable market opening”. For him, the political dimension is decisive: the fact that the crypto agenda is a priority despite economic uncertainties is a clear signal to investors worldwide.
Bitcoin has freed itself from its comfort zone. For weeks, it fluctuated around the $100,000 mark – now the breakout. The psychological effect of such a jump should not be underestimated. Investors are likely to follow closely whether the new level stabilizes – or whether the next wave of momentum is already waiting.
What was considered a niche phenomenon just a few years ago has become a geopolitical issue. Bitcoin is no longer just a speculative object – it is a currency, an asset class and a political statement at the same time. Whether 123,200 dollars is the end of the line is doubtful. Because the next mark is already within sight – 150,000 dollars. And on the way there, Bitcoin seems to be hardly stoppable at the moment. (mck)
