Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions

The world’s largest cryptocurrency is on a tear. Bitcoin rocketed past $120,000 for the first time in history to notch a new all-time high of nearly $123,000 early Monday morning, according to data from Binance. The cryptocurrency posted a daily jump of about 3% and a weekly gain of more than 12%.

Since Donald Trump’s return to power as the US president, crypto markets have surged, powered by regulatory shifts, institutional capital, and political entanglements. However, there are concerns over volatility,

Bitcoin just hit $120,000 for the first time ever early Friday, before sliding slightly to around $117,297.10 by the afternoon.

Is Bitcoin's rally the real deal or just another short-lived spike? Find out what's powering the world's biggest crypto higher right now.

Bitcoin climbed over $118,000, extending a record-setting rally into a third day. The token jumped this week amid a broader shift to risk-on after investors shook off Trump's latest tariff threats.Bitcoin's price is up 26% this year.

The price of cryptocurrency XRP is up over 13% today after Ripple CEO Brad Garlinghouse made an appearance at a Washington event.

Research head of research Markus Thielen points out three factors that may push Bitcoin’s price to new highs by the end of July.

MARA Holdings (NASDAQ: MARA) stock was surging about 11% higher on Wednesday and there is good reason to suspect that the rally could continue for the Bitcoin miner. The catalyst on Wednesday was a production update and outlook the company posted.

XLM has breached crucial resistances with soaring volumes, signaling extended gains in the short term. The current broad-based rallies support the altcoin’s bullish trajectory.