Bitcoin Hits $119K All-Time High on US Regulatory Tailwinds
Bitcoin overcame its previous $11,900 resistance and surged to an all-time high at $119,347. This rally was driven by renewed US regulatory optimism, including Donald Trump’s return, state-level approvals for Bitcoin reserves and the imminent passage of three crypto bills. Ethereum also climbed above $3,000 as DeFi demand and upcoming network upgrades boost interest. Top altcoins recorded gains between 2% and 5%, lifting total crypto market volume by 12%. Market analysts highlight improved market sentiment and forecast Bitcoin testing new higher resistance levels. Despite tariff concerns and potential short-term volatility, the current momentum echoes the 2021 bull run, offering immediate trading opportunities and reinforcing long-term confidence in blockchain assets. Traders should monitor volume spikes and on-chain indicators closely.
Bullish
Bitcoin’s break past key resistance at $11,900 and new all-time high at $119,347, fueled by US regulatory tailwinds, signals strong bullish momentum. Renewed institutional interest and upcoming crypto legislation boost market confidence in both the short and long term. Ethereum’s rise above $3,000 and broad altcoin gains further support positive sentiment. Although tariff concerns could introduce volatility, the prevailing market momentum and positive on-chain indicators suggest continued upward price action, making this news clearly bullish for traders.