Bitcoin News Today: Bitcoin Surges 3.3 to 122 150 Driven by ETF Inflows and U.S. Policy Moves

Bitcoin’s price surged past $122,000 on Monday, driven by continued inflows into spot Bitcoin exchange-traded funds and a series of positive developments from the U.S. government [1]. Henrik Andersson, chief investment officer at Apollo Crypto, described the rally as "just a matter of time," noting that Bitcoin had been consolidating within a narrow range between $115,000 and $120,000 for over a month despite positive macroeconomic signals [2].

According to TradingView data, Bitcoin climbed over 3.3% in the early hours of Monday, reaching $122,150, a level just shy of its all-time high of $123,000 [3]. Andersson pointed to growing institutional interest, with more treasury companies reportedly increasing their Bitcoin holdings, along with supportive policy signals from Washington [4]. One such signal was an alleged executive order from U.S. President Donald Trump that could allow Bitcoin to be included in 401(k) retirement plans, potentially unlocking $9 trillion in new capital for the crypto market [5].

Further reinforcing the bullish momentum, Farside Investors data showed that Bitcoin ETF issuers added a combined $773 million in Bitcoin during the last three trading days of the previous week [6]. Meanwhile, Michael Saylor, CEO of MicroStrategy, hinted at increasing the company’s Bitcoin holdings, reiterating his belief that “If you don’t stop buying Bitcoin, you won’t stop making money.”

Despite the sharp price increase, market sentiment remains relatively measured. The Crypto Fear & Greed Index, while in the “Greed” zone at 70 out of 100, has only increased slightly from the previous day, suggesting that retail investor euphoria has not yet reached excessive levels [7]. Additionally, Google search interest for Bitcoin has only modestly increased over the past week, reaching a score of 48 out of 100 relative to its peak in mid-November 2024 [8].

Bitcoin’s rise also benefited Ether (ETH), which gained 1.8% in the last 24 hours, narrowing the gap with Bitcoin’s 3.3% gain [9]. ETH’s price has climbed nearly threefold since April 9, reaching $4,315 at the time of writing. Together, Bitcoin and Ethereum helped push the total cryptocurrency market cap to an all-time high of $4.14 trillion, according to CoinGecko [10].

Analysts argue that the current rally is not an isolated event but part of a broader structural trend. The expansion of monetary supply, increased ETF adoption, and growing institutional and retail participation are seen as key factors supporting Bitcoin’s upward trajectory [11]. Whale on-chain activity also indicates a strong conviction in Bitcoin’s long-term potential, with long-term positions being built rather than sold [12].

While the market remains watchful for potential headwinds, the combination of macroeconomic tailwinds and growing adoption appears to have created a favorable environment for Bitcoin to continue its upward movement [13]. Analysts suggest that the next key level to watch is the psychological threshold of $123,000, which could trigger further buying and reinforce the bullish narrative.

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[1] (https://coinmarketcap.com/community/articles/689989325b2233630192cc04/)

[11] (https://cointelegraph.com/news/three-catalysts-that-will-help-bitcoin-break-122k-in)

[12] (https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms)