Bitcoin Surges Past $120K Amid ‘Uptober’ Rally

The price of Bitcoin (BTC) has broken past the $120,000 mark this week, with the cryptocurrency experiencing a surge in value as market optimism grows. This “Uptober” rally has pushed the market cap to over $2.4 trillion, according to CoinMarketCap, and analysts believe this upward trend could continue for the coming 30 days. Bitcoin is currently trading at $120,505 with a modest 0.7% increase in the past 24 hours. This recent surge has been fueled by increased holdings from mid-sized investors.