Bitcoin Breaks $125K Barrier as Investors Eye $130K This Week

Bitcoin has reached a new all-time high, exceeding $125,700 over the weekend before stabilizing near $123,000. The cryptocurrency’s latest rally comes amidst a confluence of factors that suggest continued upside potential this week. Analysts attribute this surge to expanding DeFi applications and growing institutional investment. blockchain analytics firm Glassnode reported that Bitcoin’s open interest reset sharply following last week’s options expiry, clearing the way for fresh directional trends. Market data suggests Bitcoin is poised for further growth as it navigates a period of consolidation after its recent rally.