Bitcoin News Today: Bitcoin Market Surpasses $4 Trillion Amid Institutional Buy-In and Policy Shifts

Bitcoin’s recent price surge has driven the global cryptocurrency market to an unprecedented milestone, with total market capitalization surpassing $4 trillion for the first time. This breakthrough was fueled by growing institutional interest and a favorable regulatory climate in the United States. A new executive order permitting the inclusion of cryptocurrencies in 401(k) retirement plans has been viewed as a significant catalyst, potentially unlocking trillions of dollars in institutional investment into the space [1].

Bitcoin’s price climbed above $122,000 in early trading hours, nearing its previous all-time high of $123,000 recorded in 2021. The upward movement followed a period of consolidation and was supported by sustained inflows into spot Bitcoin exchange-traded funds (ETFs). Over the past three trading days alone, ETF issuers acquired $773 million worth of Bitcoin [1]. Ethereum (ETH) also experienced strong performance, rising nearly threefold from $1,435 on April 9 to $4,315. The combined price action of Bitcoin and Ethereum pushed the overall market cap to $4.14 trillion, a level that now exceeds the market valuation of major global companies such as Apple [2].

Henrik Andersson, chief investment officer at Apollo Crypto, attributed the rally to favorable market conditions, including positive ETF flows, increased treasury purchases of Bitcoin, and ongoing developments from the White House. “In this time we have seen positive ETF flows, more treasury companies buying Bitcoin, and a number of positive developments coming out of the White House,” he said [1]. Meanwhile, MicroStrategy CEO Michael Saylor hinted at further Bitcoin purchases for the company’s $76.8 billion portfolio, underscoring long-term institutional confidence in the asset class [1].

Despite the bullish trend, Bitcoin briefly dipped below $120,000 after reaching its peak, signaling potential short-term volatility. However, the broader trajectory remains upward. Market sentiment, as measured by the Crypto Fear & Greed Index, remains in the “Greed” zone at 70 out of 100, indicating growing optimism without signs of a market bubble. Google search interest for Bitcoin has also only seen a modest increase, suggesting that mainstream adoption is still in its early stages [1].

The latest surge highlights the maturation of the crypto market, with increasing participation from institutional investors and a shift in regulatory tone in key markets. As the market continues to evolve, the inclusion of digital assets in traditional financial frameworks could further accelerate their integration into the global economy.

Source:

[1] Bitcoin Rises Above $122,000 After Positive Week (https://cointelegraph.com/news/bitcoin-rises-above-122000-after-positive-week)

[2] Cryptos Retreat After A Strong Rally (https://www.rttnews.com/3564598/cryptos-retreat-after-a-strong-rally.aspx)