Bitcoin (BTC-USD) shattered previous price records by soaring past the $123,000 mark, registering an all-time high of $123,091.61 earlier on Monday, before experiencing a brief retreat.
The bullish momentum behind Bitcoin’s latest rally was driven by aggressive investor positioning, although retail profit-taking later in the day slightly tempered the upward trajectory.
Other major cryptocurrencies also rode the wave of market enthusiasm. Ethereum (ETH-USD), Ripple (XRP-USD), and Solana (SOL-USD) recorded notable gains in tandem with Bitcoin’s explosive breakout. However, the broader top-10 digital assets failed to sustain the same level of momentum, as bearish pressures crept into the market later in the day.
As of writing, Bitcoin is trading around $119,614, having notched a 10.77% gain over the past seven days. Ethereum followed closely, changing hands at approximately $2,988 with a weekly gain of 17.89%. Meanwhile, Ripple led the top-tier crypto performance chart, climbing 27.18% in seven days to reach $2.91.
In a major milestone for the crypto industry, the global market capitalization for digital assets surged past $3.8 trillion for the first time since December, peaking at $3.89 trillion before experiencing a mild correction.
The bullish sentiment dominating the market was further confirmed by the Crypto Fear & Greed Index, which held steady at 74, flashing a strong “Greed” signal throughout the day’s trading session.
Investors appeared heavily focused on Bitcoin, with much of the day’s liquidity funneled into the asset’s breakout movement. As a result, altcoins saw only moderate gains, which eventually tapered off in response to mounting concerns over potential tariff-related market disruptions.
Despite short-term volatility, analysts remain bullish on the longer-term outlook for Bitcoin and the broader digital asset space, especially as institutional capital continues to pour into crypto and global inflation concerns drive demand for decentralized hedging alternatives.
 shattered previous price records by soaring past the $123,000 mark, registering an all-time high of $123,091.61 earlier...){kind=link}