Greed Takes Over — Bitcoin Breaks $120K as Crypto Market Cap Surges Past $3.8 Trillion

TradingKey – On Monday, July 14, Bitcoin (BTC) soared nearly 4%, smashing through the $120,000 barrier and setting a new all-time high at $122,484.

Bitcoin Price Chart – Source: TradingView.

The breakout ignited a wave of bullish momentum across the crypto market, pushing total market capitalization up 3.67% to a record $3.82 trillion. At press time:

• Ethereum (ETH) is up nearly 3%
• XRP has gained over 5%
• Stellar (XLM), Hedera (HBAR), and Sui (SUI) have each surged more than 10%

Crypto Market Cap Chart – Source: CoinMarketCap

Unlike previous cycles dominated by internal trading, this rally appears to be driven by new capital inflows, signaling broader investor participation. The Crypto Fear and Greed Index has jumped to 70, indicating a “Greed” zone — with room to climb toward “Extreme Greed”.

Crypto Fear & Greed Index – Source: CoinMarketCap