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Major crypto exchange Coinbase has sent a tweet out into the world that has caught the attention of the crypto community, as Bitcoin surpassed the $120,000 mark.
Coinbase's tweet, though brief, highlights Bitcoin’s historic milestone of surpassing $120,000 in a sleek, eye-catching format that caught the attention of traders, investors and enthusiasts alike.
On social media platform X, Coinbase posted, "1 BTC = $0.12 million," representing Bitcoin's price in millions rather than the usual "$120,000."
Coinbase's tweet highlights how Bitcoin is edging closer to the million-dollar mark, a subtle yet bold nod to the digital asset’s growth potential.
Bitcoin advanced to a new high on Monday, surpassing $120,000 thanks to a surge in the cryptocurrency's exchange-traded funds (ETFs).
Bitcoin hits record high
Bitcoin, the first and largest cryptocurrency by market capitalization, topped $120,000 in a major milestone as investors bet on long-sought policy wins for the industry this week.
Bitcoin reached a record high of $123,231 early Monday before easing slightly to trade 2.93% higher around $122,000.
The flagship cryptocurrency traded at $121,509, according to data from CoinMarketCap, with a current market capitalization of $2.41 trillion.
Later in the day, the U.S. House of Representatives will debate a series of bills aimed at providing the digital asset market with the regulatory framework it has long sought.
Earlier this month, Washington declared the week of July 14 "Crypto Week," during which members of Congress will vote on the Genius Act, the Clarity Act and the Anti-CBDC Surveillance State Act.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team