Bitcoin (BTC) surged to $122,200 on Monday, inching closer to its all-time high of $123,091 before settling at $120,000. The rally preceded Trump Media and Technology Group's (DJT) amendment to its S-1 registration statement for a proposed spot Bitcoin exchange-traded fund (ETF).
Bitcoin (BTC) edges higher, trading at around $121,259 on Monday, reflecting bullish sentiment in the wider cryptocurrency market. The recovery seen last week mirrored the increase in speculative demand, following the sell-off to support at around $112,000 on August 2.
Pump.fun (PUMP), the token native to the meme coin launchpad, continues to defy negative market sentiment that characterises the broader crypto market on Wednesday. PUMP is up over 4% on the day, trading at around $0.0033 at the time of writing.