Bitcoin News Today: Bitcoin Surges 4.5% as Open Interest Rises 7,834 BTC

Bitcoin is gaining momentum ahead of the release of critical U.S. inflation data, with analysts closely watching whether it can push beyond its all-time high. As of the latest data, Bitcoin is trading near $122,000, having risen by 4.5% since the weekend [1]. Open interest has also increased by 7,834 BTC, signaling heightened buying activity and investor confidence [1].

Market analysts are optimistic about Bitcoin’s potential to break the $150,000 barrier by the end of the year. This projection is supported by broader macroeconomic conditions, including a weakening U.S. dollar and expectations of interest rate cuts [1]. The cryptocurrency’s performance has shown a strong correlation with technology stocks and other risk assets, reinforcing its appeal in a low-interest-rate environment [1].

The anticipation of the upcoming inflation report has created a sense of urgency among investors. A positive reading could reinforce bullish sentiment and encourage further accumulation, particularly as major institutional players continue to expand their Bitcoin holdings [2]. Bloomberg strategist Mike McGlone has noted that Bitcoin’s role as a financial asset is becoming more pronounced in 2025, potentially solidifying its position as a key commodity benchmark [3].

Despite the current optimism, the path to new highs is not without risks. Recent weeks have seen sharp corrections, including a brief dip below $100,000 that resulted in over $860 million in liquidated positions [10]. Analysts warn that the market remains sensitive to macroeconomic developments and geopolitical events, including U.S.-China trade dynamics and expectations around Federal Reserve policy [5]. Some have also speculated that a significant correction before the end of the Trump administration’s term could occur [11].

In the broader crypto market, Bitcoin is not the only asset gaining traction. Ethereum has seen record transaction volumes, and Cardano has attracted new users following a recent airdrop, with its price showing a steady upward trend [7][8]. These developments indicate a broader bullish phase for the crypto market, with heightened institutional adoption and retail participation [9].

While some analysts project Bitcoin could surge as high as $500,000 in the current cycle, these forecasts remain speculative and subject to rapid market shifts [12]. Investors are being advised to stay informed and monitor key economic indicators as they prepare for potential volatility ahead of the inflation report and other macroeconomic events [14].

As Bitcoin continues to build momentum, the coming weeks will be crucial in determining whether it can maintain its upward trajectory and achieve new milestones. With major players continuing to invest and regulatory developments shaping the landscape, the cryptocurrency remains a focal point for both retail and institutional investors [14].

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Source: [1] Bitcoin’s Momentum Builds Ahead of Inflation Data: Can It Reach New Heights? (https://cryptodnes.bg/en/tag/bitcoin/page/41/)

[5] Dollar steady before inflation report, US-China tariff deadline (https://m.economictimes.com/markets/forex/dollar-steady-before-inflation-report-us-china-tariff-deadline/articleshow/123226205.cms)

[7] Analysts Rank ETH, Cardano, and XRP in 2025's Best ... (https://coincentral.com/ethereum-hits-record-transactions-analysts-rank-eth-cardano-and-xrp-in-2025s-best-crypto-presale-opportunities/)

[8] Cardano Attracts New Users After Glacier Drop Airdrop (https://www.fastbull.com/news-detail/cardano-attracts-new-users-after-glacier-drop-airdrop-news_6100_0_2025_3_7055_3/6100_ETH-USDT)