Bitcoin Skyrockets, Setting New ATH Above $118K Amid Market-Wide Growth Spree

Bitcoin ($BTC) has again made a new history by surpassing its previous all-time high price level. As per the latest market data, Bitcoin’s price has set a new all-time high above $116K mark, triggering a wider upward trajectory in the crypto market. This massive price upsurge has raised speculation for the top crypto asset’s further upswing in the near term.

Bitcoin Records New ATH, Raising Speculations for Further Price Upsurge

In line with the new market data, Bitcoin ($BTC) is currently changing hands at $118,403.89 after setting the latest ATH of $118,403.89. This denotes a noteworthy 4.85% upsurge over the past twenty-four hours. In addition to this, the market capitalization of the top cryptocurrency has also jumped by $2.31T, reaching $2.31T. Similarly, the 24-hour volume of Bitcoin has touched the $101.86B spot, accounting for a 66.54% increase during the same time.

Apart from the 24-hour price growth, the weekly performance of the flagship crypto asset is also optimistic. In this respect, Bitcoin ($BTC) has witnessed a notable 6.89% spike over the past seven days. Additionally, the 30-day price outlook of Bitcoin is also attention-grabbing as it has recorded a 6.5% rise over the past month.

Ethereum Jumps 6.74% While Moving Closer to All-Time High

At the same time, Ethereum ($ETH) has also made considerable progress. The top altcoin is now trading at $2,967.80, denoting a 6.74% price surge over the past 24 hours. Although the respective price level is significantly lower than Ethereum’s ATH of $4891.70, it still expressed a noteworthy jump amid overall growth in the crypto sector.

Keeping this in view, Bitcoin’s price spike to the exclusive all-time high has proven to be a driving force behind the overall market growth. Hence, the market onlookers expect Bitcoin ($BTC) to touch the milestone of $130K in the near term. In the meantime, the traders are keenly watching for crucial catalysts that could push the next upward spree.