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Bitcoin Hits Record Breaking USD123,000 Milestone
(MENAFN) Bitcoin extended its upward momentum early Monday, breaking through to a fresh record peak of $123,000 at approximately 0740GMT.
The digital currency has sustained a five-day rally, consistently reaching unprecedented price levels throughout the past week.
By 0925GMT, Bitcoin’s value stood near $122,200, marking a 4.2% increase compared to the previous day.
Data from analysis firm Coinmarketcap shows that the total global cryptocurrency market, Bitcoin included, climbed roughly 3.5% in the last 24 hours, now valued at about $3.8 trillion.
Since the beginning of the year, Bitcoin has surged nearly 27%, solidifying its dominance as the largest cryptocurrency by market capitalization.
Ethereum, the second-largest cryptocurrency by market cap, also posted gains, rising around 2.7% to reach $3,045.
The digital currency has sustained a five-day rally, consistently reaching unprecedented price levels throughout the past week.
By 0925GMT, Bitcoin’s value stood near $122,200, marking a 4.2% increase compared to the previous day.
Data from analysis firm Coinmarketcap shows that the total global cryptocurrency market, Bitcoin included, climbed roughly 3.5% in the last 24 hours, now valued at about $3.8 trillion.
Since the beginning of the year, Bitcoin has surged nearly 27%, solidifying its dominance as the largest cryptocurrency by market capitalization.
Ethereum, the second-largest cryptocurrency by market cap, also posted gains, rising around 2.7% to reach $3,045.
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