Bitcoin reached a new all-time high on Monday, breaking past the $121,000 mark as optimism continues to grow among investors regarding the future of cryptocurrencies.

According to trading data, the leading digital currency surged to $121,014.73, recording a 2.82% increase in value compared to the previous session. This rise reflects accelerating momentum in the crypto market, fueled by increased institutional interest and favorable sentiment.

Earlier this month, on July 9, Bitcoin had already posted a record price of $111,999, after trading within a $100,000 to $110,000 range for nearly six weeks.

The sharp upward trend suggests renewed investor confidence in the long-term viability of digital assets, despite ongoing warnings about market volatility and regulatory uncertainty in several jurisdictions.