This {photograph} exhibits Bitcoin stickers displayed on the microbrewery and bar La Fracasse, in Talence, on the outskirts of Bordeaux, south-western France on June 26, 2025.
Christophe Archambault | Afp | Getty Photos
Bitcoin prolonged a rally to rise to a brand new document above $120,000 Monday, fueled by a rally in bitcoin ETFs.
The value of the most important cryptocurrency by market capitalization briefly topped $121,249.90, in line with information from Coin Metrics.
The rally has seen bitcoin attain new highs amid extra inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their largest day of inflows in 2025 at $1.18 billion.
“We imagine that Bitcoin’s surge is pushed by longer-term institutional consumers and this may propel it to $125k within the subsequent month or two,” Jeff Mei, chief working officer at cryptocurrency change BTSE, mentioned in a press release despatched to CNBC.
“Trump’s commerce disputes with the likes of the EU, Mexico, and different buying and selling companions might trigger dips within the week forward, nevertheless it’s seemingly that Bitcoin’s institutional consumers are discounting this danger and sustaining their positions that Bitcoin will nonetheless admire in the long term,” he added.
Buyers have been anticipating bitcoin to hit new information this 12 months as company treasuries speed up their bitcoin shopping for sprees and U.S. Congress nears the passing of latest crypto laws.
The U.S. Home of Representatives will start deliberating on a sequence of crypto payments on Monday geared toward offering a clearer regulatory framework for the digital asset business.
The coverage had been lengthy sought by the business, and is supported by U.S. President Donald Trump, who has branded himself as a pro-crypto President and is concerned in a number of crypto ventures.
Bitcoin hits contemporary highs, passing $120,000
