
Bitcoin (CRYPTO: BTC) surged to a fresh weekly high of $122,026 on Wednesday before falling back below $121,000, capping a broad cryptocurrency market advance that lifted total capitalization to $4.189 trillion, according to CoinGecko data.
What Happened: The latest milestone came as major altcoins posted double-digit gains, led by Ethereum's (CRYPTO: ETH) powerful rally toward its all-time high.