Bitcoin surged, trading above $120,000 and peaking at $122,571, highlighting a powerful rally fueled by ETF inflows and legislative momentum.
Over $1 billion poured into Bitcoin ETFs last Thursday alone, reflecting growing institutional participation. And it’s not just U.S. investors: Hong Kong’s Bitcoin and Ether ETFs also reached record levels.
“Crypto Week” in Congress, which includes review of the Genius Act, clarity of asset regulation, and CBDC privacy protections, has lifted sentiment among capital allocators—many of whom see this as a watershed moment for digital finance.
Ethereum climbed above $3,000, helping the broader crypto market reach a total capitalization of around $3.8 trillion.
Analysts caution, however, that Bitcoin’s market now reflects both systemic risk factors and macro correlations. Price swings demand active portfolio management.
