Bitcoin has shattered records, surging past $120,000 as the crypto world buzzes with anticipation over U.S. regulatory shifts.
According to CNBC, this milestone comes as Bitcoin hit a new high on Monday, fueled by massive ETF inflows and the start of “Crypto Week” in Congress, where lawmakers are debating critical digital asset legislation.
Early Monday, Bitcoin peaked above $123,000 before settling at around $119,800 by 4 p.m. ET, per Coin Metrics data.
Last Thursday, Bitcoin ETFs saw their largest single-day inflow of 2025, raking in a staggering $1.18 billion.
Over the past six to eight weeks, corporate and institutional investors have poured $15 billion into these funds.
Retail investors, however, have mostly stayed on the sidelines during this latest rally.
Analysts point to institutional buyers as the key driver, with corporate treasuries ramping up Bitcoin purchases.
Jeff Mei, COO of cryptocurrency exchange BTSE, noted, “We believe that longer-term institutional buyers drive Bitcoin’s surge.”
He added that this momentum could push Bitcoin to $125,000 soon.
Meanwhile, the U.S. House of Representatives launched “Crypto Week” on Monday, focusing on a series of crypto-related bills.
These potential laws aim to create a clearer regulatory framework for digital assets, a move long demanded by the industry.
One key proposal, the Genius Act, could set federal guidelines for stablecoins tied to the U.S. dollar and allow private firms to issue digital versions of the currency.
Xu Han of HashKey Capital highlighted, “Long-term holders are locking up supply, while global policy clarity has boosted investor confidence.” President Donald Trump, a self-proclaimed pro-crypto advocate with ties to digital asset ventures, supports these legislative efforts.
For investors wary of government overreach, this push for sensible regulation could be a rare win. However, vigilance remains key—monetary policy risks, like potential Federal Reserve rate hikes tied to tariffs, could still derail Bitcoin’s climb to 10x Research’s year-end target of $140,000 to $160,000.