Bitcoin hits new report crossing $120,000, fueled by ETF inflows

Bitcoin prolonged beneficial properties Monday to hit a brand new milestone, breaking previous $120,000, fueled by a rally within the cryptocurrency’s ETFs.

The worth of the biggest cryptocurrency by market capitalization topped $122,600 at 1:27 p.m. Singapore time, in line with knowledge from Coin Metrics.

The rally has seen bitcoin attain new highs amid extra inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their largest day of inflows in 2025 at $1.18 billion.

“We consider that Bitcoin’s surge is pushed by longer-term institutional patrons and this can propel it to $125k within the subsequent month or two,” Jeff Mei, chief working officer at cryptocurrency alternate BTSE, mentioned in an announcement despatched to CNBC. 

“Trump’s commerce disputes with the likes of the EU, Mexico, and different buying and selling companions might trigger dips within the week forward, nevertheless it’s seemingly that Bitcoin’s institutional patrons are discounting this danger and sustaining their positions that Bitcoin will nonetheless respect in the long term,” he added.

Traders have been anticipating bitcoin to hit new data this yr as company treasuries speed up their bitcoin shopping for sprees and U.S. Congress nears the passing of latest crypto laws.

The U.S. Home of Representatives will start deliberating on a collection of crypto payments on Monday aimed toward offering a clearer regulatory framework for the digital asset trade. 

The coverage had been lengthy sought by the trade, and is supported by U.S. President Donald Trump, who has branded himself as a pro-crypto President and is concerned in a number of crypto ventures.

Some of the important payments into account is the Genius Act, which might set up federal guardrails for U.S. dollar-pegged stablecoins and create a pathway for personal corporations to situation digital {dollars}.

“Lengthy-term holders are locking up provide, whereas international coverage readability — particularly round stablecoins and crypto laws — has boosted investor confidence and capital inflows,” Xu Han, director of the Liquid Fund at HashKey Capital, mentioned in an announcement to CNBC.

Talking on CNBC’s “Entry Center East,” Markus Thielen, CEO of 10x Analysis, additionally mentioned that the U.S. could announce a sovereign wealth fund that might embrace buying digital currencies.

He famous that company and institutional traders have bought $15 billion in Bitcoin ETFs during the last six to eight weeks. In distinction, retail traders seem to have been on the sidelines throughout the newest rally, he added.

10x Analysis has a year-end Bitcoin goal vary of $140,000 to $160,000, Thielen revealed, however probably the most important danger going through this stays the U.S. Federal Reserve persevering with its hawkish coverage and additional rate of interest hikes as a result of tariffs.