In a landmark moment for the cryptocurrency market, Bitcoin, the world’s largest and most valuable digital currency, crossed an all-time high of $121,000 (₹1.04 crore) for the first time ever. The surge came in dramatic fashion, with the cryptocurrency gaining $1,000 (approximately ₹86,000) in just five minutes on major exchanges like Coinbase and Binance.
This remarkable price jump follows days after Bitcoin breached the $116,000 (₹99.78 lakh) milestone, confirming bullish investor sentiment and growing institutional interest in crypto assets.
According to CoinMarketCap, the price of Bitcoin as of Tuesday morning stood at $121,267, marking a more than 9% gain in just 24 hours. On Indian crypto platforms like WazirX and CoinDCX, prices hovered around ₹1.04 crore, adjusting for premium and forex fluctuations.
Why Is Bitcoin Surging?
The latest rally in Bitcoin prices is being attributed to a combination of several factors:
- Institutional Buying: Major investment firms and hedge funds continue to increase their holdings. Analysts report significant purchases by global asset managers, fueling bullish trends.
- Regulatory Clarity: Recent clarity from the U.S. SEC and other regulators around the classification of Bitcoin as a “commodity-like digital asset” has instilled confidence in investors.
- Supply Squeeze: With only 21 million Bitcoins to ever exist, increasing demand is putting upward pressure on prices, especially post the latest halving cycle in April 2024.
- Geopolitical Uncertainty: Continued global financial instability, inflationary pressures, and debt crises in countries like Argentina and Turkey are pushing more individuals toward Bitcoin as a “store of value.”
Market Reactions
Speaking to CNBC, Michael Saylor, executive chairman of MicroStrategy — a prominent Bitcoin holder — said:
“This is only the beginning. Bitcoin is proving to be the most resilient asset of the 21st century. We could see $150,000 before the year ends.”
Indian investors too are responding with enthusiasm. Trading volume on platforms like CoinSwitch and ZebPay has doubled in the past week, with new user registrations up by nearly 28%.
Expert Take
Crypto analyst Rachit Chawla of Finway Capital remarked:
“We’re witnessing a new phase of crypto adoption. With Bitcoin ETFs now widely accepted and interest rates stabilizing globally, this momentum could continue.”
What’s Next?
While the current rally is encouraging for long-term holders, analysts warn retail investors to tread with caution. Cryptocurrency markets are highly volatile, and sharp corrections are not uncommon.
Bitcoin last hit an all-time high of nearly $69,000 in November 2021, before crashing below $20,000 during the 2022 crypto winter. Since then, the market has recovered steadily, fueled by innovation in blockchain and increased utility of cryptocurrencies.
Final Thoughts
The record-breaking $121,000 milestone cements Bitcoin’s status as a leading global asset and a formidable part of modern financial portfolios. As institutional support grows and adoption expands in developing markets, the future of Bitcoin looks brighter than ever.
🗞️ Source:
Data referenced from CoinMarketCap, CNBC, WazirX, and Reuters Crypto Desk (as of July 15, 2025).
