A Buying Wave Pushes Bitcoin to Record Highs — With More Momentum Ahead Bitcoin has surged to a new all-time high of 120,000, riding a powerful upward wave. The rally was sparked by a cascade of short liquidations, triggering an automatic buying frenzy across markets. Additional fuel came from strong institutional inflows into digital asset funds. "The momentum is undeniable," said Sidrah Fariq, Head of Retail Sales at Deribit. " @AsharqBusiness @business