Bitcoin Surges Past $122000 as Crypto Market Rallies on Policy Shifts and ETF Inflows
– Bitcoin surged past $122,000 while Ethereum exceeded $4,300, driven by regulatory shifts and institutional demand.
– Trump’s executive order enabling crypto in 401(k) plans boosted market optimism, with the Department of Labor evaluating retirement portfolio inclusions.
– Spot Bitcoin ETFs saw $253M weekly inflows, while Ethereum ETFs attracted $461M, surpassing Bitcoin in volume and fueling altcoin gains.
– SharpLink Gaming’s 52,809 ETH purchase and $350M in Ethereum position liquidations highlighted market activity amid anticipation of Fed rate cut signals.
– Analysts emphasize crypto prices remain sensitive to ETF flows, regulatory updates, and macroeconomic data like upcoming CPI/PPI releases.
