Bitcoin climbed to new heights, touching $122,571 in early trading and maintaining gains at $121,952—representing a 2.4% daily jump. Eye-popping inflows of $1.18 billion into spot Bitcoin ETFs on Thursday solidified its ascent.
Market sentiment is buoyed by Crypto Week in the U.S. House, where bills like the Genius Act and Clarity Act are being debated—potentially establishing clear federal frameworks for crypto use The Times of India+9Financial Times+9Reuters+9. Domestically, President Trump’s rebranding as the “crypto president” and his policies, such as forming a strategic Bitcoin reserve, have further ignited enthusiasm.
Institutional participation is strengthening: family offices, central banks, and corporations are increasingly adding Bitcoin to their balance sheets, seeing it as a long-term reserve asset amid macro uncertainty.
Ethereum’s price topped $3,000, while Solana and XRP also registered gains—pushing total crypto market cap to $3.81 trillion.
However, analysts caution that Bitcoin’s tight correlation with conventional markets and inherent volatility require disciplined entry and exit strategies.
