In brief
- Bitcoin has climbed back to $120,000 after briefly pulling back to a local bottom $114,000.
- Institutional flows have resumed, with ETF inflows and treasury adoption gaining ground.
- Analysts point to macro headwinds including inflation risk, geopolitical tensions, and the potential for a dollar rebound.
Bitcoin has reclaimed the $120,000 mark following a brief pullback earlier this week as renewed institutional flows continued to be buoyed by clearer U.S. crypto policy.
Its return comes after profit-taking briefly capped the alpha asset’s momentum, stalling a seven-day rally that had pushed it to new highs.
Last week’s rally found a local bottom near $114,000, QCP Capital said in its Wednesday Asia Colour note, adding that…
Jul 18 2025
