Bitcoin News Today: Bitcoin Surges 3.3% Past $122,000 Driven by ETF Inflows and Policy Optimism

Bitcoin’s price surpassed $122,000 on Monday, driven by sustained optimism from favorable policy developments and strong inflows into spot Bitcoin exchange-traded funds (ETFs) toward the end of the previous week [1]. Henrik Andersson, chief investment officer at Apollo Crypto, noted that the breakout was expected after a month of consolidation, fueled by positive ETF inflows, institutional purchases, and supportive actions from the U.S. government [1].

TradingView data shows that Bitcoin surged over 3.3% to $122,150 during early hours of Monday, nearing its historical high of $123,000 [1]. According to Andersson, the asset had remained within a narrow volatility range between $115,000 and $120,000 despite favorable developments, suggesting the upward movement was overdue [1].

While no single catalyst directly explains Bitcoin’s two-hour climb, speculation around a potential executive order from U.S. President Donald Trump, which could allow cryptocurrencies in 401(k) retirement plans, has been cited as a key industry boost. This measure could unlock an additional $9 trillion in capital for the crypto market [1]. Additionally, Michael Saylor of MicroStrategy hinted on X that the company will continue accumulating Bitcoin, reinforcing confidence in the asset [1]. Farside Investors data also indicates that Bitcoin ETFs added $773 million worth of BTC over the last three trading days [1].

Market sentiment remains cautiously optimistic. The Crypto Fear & Greed Index remains in the “Greed” zone at 70 out of 100, indicating that enthusiasm is still within reasonable bounds [1]. Meanwhile, Google search interest for Bitcoin has only slightly increased in the past week, reaching 48 out of 100 relative to the peak seen in early November [1].

Bitcoin’s rally has also benefited Ethereum (ETH), which gained 1.8% over the last 24 hours compared to Bitcoin’s 3.3% rise [1]. ETH has surged nearly threefold from $1,435 to $4,315 since late April, contributing to the broader crypto market reaching a new all-time high of $4.14 trillion in market capitalization [1].

Analysts argue that the confluence of structural factors—such as ETF adoption, growing institutional demand, and macroeconomic tailwinds—provides a strong foundation for continued growth [1]. While volatility and timing remain challenges for traders, the overall trend points toward a bullish outlook for Bitcoin and the broader crypto market [1].

Sources:

[1] title1: Bitcoin Rises Above $122,000 After Positive Week

url1: https://cointelegraph.com/news/bitcoin-rises-above-122000-after-positive-week