🚀 Bitcoin Blasts Past $122K as Institutional FOMO Heats Up Ahead of ‘Crypto Week’ 🏛️
Bitcoin rocketed to a new all-time high of $122,562.4 during early Asian trading Monday, fueled by growing institutional adoption and bullish sentiment ahead of Washington’s much-anticipated "Crypto Week". As of 09:26 ET, BTC was trading at $121,560, up 2.6% on the day — and up 30% year-to-date, slightly outpacing gold’s 27% rise.
🔥 Institutions Go Big Investor appetite is being supercharged by companies like Metaplanet Inc — the Japanese hotelier turned Bitcoin whale — which just added 797 BTC to its treasury, bringing its total to 16,352 coins, making it the fifth-largest corporate holder.
Meanwhile, Michael Saylor’s Strategy (MSTR) added a jaw-dropping 4,225 BTC last week for $472.5M, pushing its total stash to 601,550 BTC — worth $73 billion at current prices. That’s up from a $42.87B investment, marking a monster return.
📈 ETFs & Regulation Driving the Momentum Analysts at IG said the recent price surge suggests the correction phase is over. “Momentum indicators are improving, and July volumes could match or surpass May,” they noted.
U.S. Bitcoin ETFs are raking in record inflows, with asset giants like BlackRock and Fidelity steadily increasing their exposure.
💼 ‘Crypto Week’ Sparks Regulatory Optimism Eyes are now on Washington, where the House will debate key bills like the Clarity Act, Genius Act, and Anti-CBDC Surveillance State Act. These could reshape the regulatory landscape for stablecoins and crypto custody.
📊 Altcoins Rally Too Following Bitcoin’s rally, Ethereum surged 2.1% to $3,046, XRP spiked 5% to $2.95, while Solana, Cardano, and Polygon posted solid gains. Meme coins like Dogecoin rose 2.2%, though $TRUMP slipped 1.2%.
The crypto bulls are back — and the market’s watching
