Bitcoin News Today: Bitcoin Surges Past $122K Amid Institutional Buying and Regulatory Optimism

Bitcoin has surged to nearly $122,000 amid heightened institutional buying and bullish market sentiment, bringing the cryptocurrency close to its July record high of $123,218 [1]. The rally reflects increased liquidity and profit-taking from short-term investors who had built positions at lower levels [1]. Despite selling pressures, the price has stabilized around $120,000, supported by high transaction volumes and new capital inflows [1].

The upward movement continued the following week, with Bitcoin surpassing $122,000 and reaching a peak of $122,355 in European trading before settling at $121,625 [1]. This momentum has coincided with growing speculation about potential Federal Reserve rate cuts and the inclusion of Bitcoin in mainstream financial products [4]. Analysts have noted that current market behavior shows stronger resilience compared to previous cycles, although they caution that volatility could persist in the near term [1].

Bitcoin’s performance is closely tied to macroeconomic data, particularly the upcoming U.S. CPI and PPI reports scheduled for release this week [2]. These indicators are expected to influence investor sentiment and potentially affect Bitcoin’s valuation [2]. A 0.2% rise in the PPI, in conjunction with CPI figures, could signal modest inflationary pressure, unless services margins deviate from expectations [2]. The data is also critical in shaping broader market expectations, especially with Bitcoin nearing critical resistance levels [2].

Glassnode’s analysis highlighted the significance of realized profit levels, suggesting a large-scale capital rotation driven by both retail and institutional activity [1]. This shift in capital underscores Bitcoin’s growing acceptance as an asset class and has drawn attention from traditional financial markets [4].

The recent volatility was further highlighted by a notable gap in the CME Bitcoin futures market. Futures contracts settled at $117,430 on Friday but opened at $119,000 the following Monday [7]. Traders are now watching whether the gap will close or if Bitcoin will continue its upward trajectory [7]. Historically, Bitcoin tends to fill such gaps, but this movement has exceeded typical intraday gaps [7]. If the price retraces to within 1–2% of $120,000, the gap may begin to close [7]. However, a continued rally could leave the gap unfilled, triggering a new phase of price discovery [6].

Regulatory developments have also contributed to the bullish trend. A potential executive order related to cryptocurrency has fueled optimism and increased expectations for clearer regulatory frameworks and greater institutional adoption [11]. By 01:00 ET, Bitcoin reached $122,084.1, just 1% away from its all-time high [12].

The market remains cautiously optimistic, with analysts emphasizing the importance of monitoring upcoming macroeconomic data [2]. These figures could significantly influence Bitcoin’s trajectory and investor behavior [2]. As the asset approaches a new psychological and technical milestone, the interplay between macroeconomic fundamentals and market sentiment will be crucial in determining its next move [1].

Source: [1] Bitcoin surge to $122K was 'just a matter of time,' Analyst ... (https://cointelegraph.com/news/bitcoin-rises-above-122000-after-positive-week)

[2] Bitcoin Surges Past $122K, Nearing All-Time High on ETF ... (https://bitcoinist.com/bitcoin-surges-past-122k-nearing-all-time-high-etf/)

[4] Bitcoin Nears Record. It Could Soon Join Your 401(k). (https://www.investors.com/news/bitcoin-price-ethereum-high-inflows-sec-project-crypto-401ks/)

[6] Bitcoin (BTC) Price News: Pullback to $119K as CPI, PPI ... (https://www.coindesk.com/markets/2025/08/11/bitcoin-pulls-back-to-usd119k-as-looming-inflation-data-could-bring-price-swings)

[7] Watch Out Below: Bitcoin's Weekend Surge Leaves CME Gap (https://finance.yahoo.com/news/watch-below-bitcoin-weekend-surge-083305250.html)

[11] Bitcoin near $122000 as Trump crypto order fuels market ... (https://www.israelhayom.com/2025/08/11/bitcoin-near-122000-as-trump-crypto-order-fuels-market-surge/)

[12] Bitcoin price today: surges to $122k, near record high on ... (https://ng.investing.com/news/cryptocurrency-news/bitcoin-price-today-surges-to-122k-near-record-high-on-us-regulatory-cheer-2054486)