Bitcoin has hit a new all-time high of $120,000 due to rising institutional demand and crypto-friendly policies from the Trump administration. Despite bullish sentiment, uncertainties remain about the U.S. economy and global trade. Institutional demand has been a key driver, with companies around the world investing in Bitcoin for their balance sheets.

Another factor contributing to Bitcoin’s rise is strong support from the Trump administration, with new legislation being drafted for the crypto market. Market sentiment is also positive, with investors eager to buy Bitcoin as it surpasses $120,000. The Fear and Greed Index shows a shift from neutral to “greed” territory, indicating growing investor interest.

The future of Bitcoin’s ascent depends on factors like market sentiment and unresolved tariff issues. Positive sentiment could continue to drive Bitcoin higher, but unresolved tariffs could lead to a reversal in sentiment. Investors are advised to consider other investment options beyond Bitcoin to potentially maximize returns. The Motley Fool Stock Advisor team has identified 10 top stocks for investment, offering potential for significant returns in the coming years.

Read more at Nasdaq: 3 Factors Behind Bitcoin’s Latest Record High. Will This Major Cryptocurrency Continue to Rise?