Bitcoin is at the top $ 122k, edges close to record high; Ethereum steadies on multi -year peak

Bitcoin rose beyond $ 122,000 on the trade on Monday and arrived in a mustache hair of his all time of $ 123,091 on July 14, 2025.

From 11:09 am Ist, the world’s largest cryptocurrency rose in the last 24 hours by 3.1% at $ 121,921, after an intraday peak of $ 122,309.

Ethereum climbed 2.2% to $ 4,307 – the highest level since 2021 – while Altcoins joins the rally. XRP, BNB, Solana, Tron, Hyperliquid and Cardano went up to 4%. The total market capitalization of cryptocurrency increased by 2.3% to $ 4.06 trillion, according to Coinmarketcap.

Shivam Thakral, CEO of Buyucoin, said that strong inflow into crypto funds had again ruled in Bitcoin and Ethereum. “Bitcoin can be confronted with $ 124,000 resistance with immediate support for $ 120,000. The total sentiment looks positive with indicators of a new rally in the coming weeks,” he noticed.Market optimism is also fed by the expectations of three American federal reserve rate reductions in 2025, which facilitates inflation and robust activity on chains.

According to the Coinswitch Markets office, Bitcoin’s price pattern suggests a potential rally to $ 148,000 as a bullish momentum, while Ethereum is experiencing resistance near $ 4,300. Sathvik Vishwanath, co-founder and CEO of Unocoin, emphasized that “spot demand remains strong” and an outbreak above $ 124,000 could pave the way for a new record high. In a remarkable legal update, the US SEC closed its case against Ripple Labs about alleged unregistered non-registered sale of securities, an appointment of a $ 125 million and ended one of the industry branch. In the meantime, Bo Hines, head of President Donald Trump’s Council of Advisers on Digital Assets, announced his resignation to return to the private sector. With Bullish Technicals, Macro -Staartwinds and renewed institutional appetite, traders are closely monitored to see if Bitcoin can come in by $ 123,091 and can come in the coming days.((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)