Investors in reigning cryptocurrency champion Bitcoin (BTC) have a pretty good week. From the time of this writing, the Crypto Munt has risen more than 8% this week and more than 6% in the last day alone.
The token is now within the reach of the psychologically important threshold of $ 120,000, which would be a record high. Here is a possible reason for the recent all-time highlights of Bitcoin.
Bitcoin’s rise to $ 120,000
From the time of this letter, BTC is just above $ 118,000 per coin after an earlier highest high point of $ 118,780.
For $ 118,000, Bitcoin is at a striking distance of $ 120,000 per coin, which would mark the first time in history that Bitcoin has reached that level. That threshold would be a psychologically important barrier and could serve as a Bitcoin launch platform to rise further in the coming months.
Today’s current high price is also remarkable because it is a reversal of fortune for the currency, which saw the value fall Up to almost $ 76,000 in April. In the past year the currency had gone even lower and in August fell to nearly $ 49,000.
But since the LOS points of April 2025, Bitcoin has steadily climbing and the currency has risen almost 8%in the past week alone. But what is behind the most recent win?
Institutional demand for Bitcoin has risen
It is never possible to say with 100% certainty why Bitcoin rises or falls. So much bitcoin trade, such as most assets trade, is based on fear or greed-powerful emotions fed by countless Real-World factors.
One of the reasons why Bitcoin can rise this week is due to institutional investors, notes Reuters.
Institutional investors are group entities and differences of what is known as retail investors – individuals who invest in the stock market. Institutional investors are banks, hedge funds, pension funds and other organizations that have enormous purchasing power.
And as Reuters notes, the institutional demand for Bitcoin and other cryptocurrencies have recently increased as the digital tokens gain legitimacy as a different arm of the economy, especially after President Trump had signed an executive order in March in March that a strategic cryptocurrency reserve.
Legitimacy increases the demand for an active, and therefore institutional investors break up the tokens, which leads to an increase in their value, based on the assumption that the coins will become a more important part of the financial sector.
Regarding where Bitcoin goes from here – nobody knows for sure. Bitcoin is, just like most crypto assets, very volatile. The price can only fluctuate for a few days. Some proponents of Bitcoin believe that passing the $ 120,000 threshold could mean that token is on their way to $ 150,000.
But whether that happens, whether Bitcoin falls here is the gamble.
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