Bitcoin edges close to record levels
Bitcoin surged by 3.6% today, reaching $121,988 and coming within striking distance of its all time high. The rally follows strong institutional interest, improved macroeconomic signals, and broader optimism across the digital asset space.
Experts point to a combination of favorable regulatory shifts and increasing demand from retirement funds as key drivers behind the price surge. Institutional adoption continues to accelerate, with inflows into spot Bitcoin ETFs hitting weekly highs.
This momentum has also influenced other major assets such as Ethereum and XRP, creating a bullish market sentiment across the board. Read how XRP is securing its own regulatory wins here.
Global crypto market cap breaks records
The global cryptocurrency market capitalization reached an unprecedented $4.13 trillion today, marking a new milestone in the industry’s growth.
Ethereum, in particular, has played a significant role in this expansion, supported by whale accumulation exceeding $4 billion in recent weeks. This trend has positioned ETH as one of the most watched assets of 2025.
The broader market performance reflects a surge in investor confidence, fueled by regulatory clarity, technological advancements, and new capital inflows. Discover how Ethereum’s surge compares to major global corporations.
Cango invests $19.5M in mining infrastructure
Cango Inc. announced the acquisition of a 50 MW Bitcoin mining facility in Georgia for $19.5 million.
The new site will allocate 30 MW for Cango’s own mining operations and 20 MW for hosting services, creating a diversified revenue stream.
This move comes as mining companies seek to secure low-cost energy sources and expand capacity ahead of Bitcoin’s next halving event. Analysts suggest this acquisition could strengthen Cango’s position in the competitive mining market.
Market outlook
With Bitcoin nearing record highs, Ethereum gaining institutional traction, and large scale investments in mining infrastructure, the crypto market’s bullish momentum shows no signs of slowing down.
However, analysts warn that price volatility remains a core feature of the market, and traders should remain cautious despite the positive trends.
