SA Graphics: A timeline of bitcoin's moves over the past year

Seeking Alpha

A record-breaking rally for Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) has been seen in recent weeks, months, and over the past year as a whole. The world's most popular cryptocurrency just zoomed past the $120,000 milestone, doubling in value since July 2024. While Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) dipped overnight on some profit taking [https://seekingalpha.com/news/4467315-bitcoin-retreats-as-record-rally-spurs-profit-taking], optimism appears to remain intact ahead of a big week for crypto.

_The latest:_ Fresh highs have been notched as corporate treasuries ramp up bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) purchases and spot exchange-traded funds garner record inflows. However, the biggest catalyst has been U.S. lawmakers moving closer to passing long-awaited crypto legislation [https://seekingalpha.com/news/4467001-bitcoin-soars-past-120k-for-the-first-time]. That will set the stage for digital assets to be subject to clearer rules and potentially result in wider acceptance across traditional finance.

SA COMMENTARY: "Even after Bitcoin’s (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) huge run, I still think there's a lot more gas in the tank," writes SA analyst Motti Sapir. "The market still isn't seeing the full picture, and there's a real shot for Bitcoin to punch past $150,000 if even a few things break right [https://seekingalpha.com/article/4801041-bitcoin-still-looks-like-smartest-bet-crypto-even-these-highs]. Sure, we might get a pullback, and yeah, there's always noise, but I don’t see a better asymmetric bet out there right now."

MORE ON BITCOIN USD

* Bitcoin Boom And Bust: Getting Ready For The Market Top [https://seekingalpha.com/article/4801261-bitcoin-boom-and-bust-getting-ready-for-the-market-top]
* Bitcoin Still Looks Like The Smartest Bet In Crypto, Even At These Highs [https://seekingalpha.com/article/4801041-bitcoin-still-looks-like-smartest-bet-crypto-even-these-highs]
* Bitcoin: Lightning Strikes Twice (Technical Analysis) (Rating Upgrade) [https://seekingalpha.com/article/4800879-bitcoin-lightning-strikes-twice-technical-analysis]
* Bitcoin retreats as record rally spurs profit-taking [https://seekingalpha.com/news/4467315-bitcoin-retreats-as-record-rally-spurs-profit-taking]
* Bitcoin more than doubles Y/Y. What's behind the rally? [https://seekingalpha.com/news/4467156-bitcoin-more-than-doubles-yy-whats-behind-the-rally]