$BTC Quick bites

Bitcoin surged 3.54% over the past 24 hours to reach $123,416.84, extending its upward momentum amid a 7-day gain of 7.51% and a 30-day rise of 4.63%. The rally is being driven by strong ETF inflows, technical breakout signals, improving macroeconomic sentiment, and continued corporate adoption.

Key Catalysts:

ETF Demand Spikes – U.S. Bitcoin ETFs attracted over $1 billion in inflows within just five days, signaling robust institutional interest.

Technical Breakout – Bitcoin cleared the critical $120,000 resistance level, supported by bullish technical indicators.

Rate Cut Expectations – Weaker-than-expected U.S. inflation data has strengthened bets on upcoming Fed rate cuts, boosting investor appetite for risk assets.

Corporate Accumulation – Japanese corporations and publicly traded companies have resumed Bitcoin purchases, reinforcing long-term confidence in the asset.