Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to Base App

Bitcoin is trading around $119,000 after reaching a new high of over $122,000. Some investors are taking profits, which could limit further price increases. Some traders are shifting their investments into other cryptocurrencies like Ethereum, which increased by 7.5%, and Solana, which rose by 5%. Coinbase has renamed its Wallet app to Base App, positioning it as a central hub for the Base ecosystem. The new Base App will include features like chat, payments, trading, and a mini-app marketplace, aiming for broader mainstream adoption.