New Delhi, July 14 -- Bitcoin surged past the $1,21,000 milestone for the first time ever on Monday, July 14, building on the sharp rally witnessed so far this year. At the time of writing this report, Bitcoin price was up 2.75 per cent at $1,21,097.94, according to CoinMarketCap.

Market capitalisation of Bitcoin was at $2.41 trillion, up 2.85 per cent, with trading volumes at $60.69 billion, up 33.12 per cent, CoinMarketCap data showed. Overall, with this increase, the world's largest cryptocurrency has gained 30 per cent year-to-date (YTD) and more than 100 per cent year-on-year (YoY), according to Pankaj Balani, CEO and co-founder of Delta Exchange.

According to Coin DCX, at its current market cap, Bitcoin has now become the fifth-la...