The world’s largest cryptocurrency is on a tear. Bitcoin rocketed past $120,000 for the first time in history to notch a new all-time high of nearly $123,000 early Monday morning, according to data from Binance. The cryptocurrency posted a daily jump of about 3% and a weekly gain of more than 12%.
Bitcoin’s Monday surge follows a string of recent highs. After hovering under $110,000 for more than a month, it notched new records on Thursday and through the weekend amid a corresponding rally in the stock market.
