Bitcoin surged past $122,000 in Asian trading on Monday, hitting a fresh all-time high and reinforcing its position as the world’s dominant digital asset. The rally was driven by renewed institutional interest, expanding ETF inflows, and anticipation surrounding the U.S. “Crypto Week” legislative push.
As of 01:48 ET, Bitcoin traded at $122,467.8, after briefly touching $122,562.4 — signaling a sharp bullish reversal after a short consolidation phase in June.
The rally gained steam after Japan’s Metaplanet Inc. — now the fifth-largest corporate holder of Bitcoin — disclosed its acquisition of 797 additional BTC, raising its total holdings to 16,352 coins.
Metaplanet’s aggressive accumulation follows a broader trend: U.S. spot Bitcoin ETFs recorded record-breaking inflows last week, with heavyweights like BlackRock and Fidelity expanding their crypto positions.
This institutional momentum has helped reduce volatility and increased the legitimacy of Bitcoin as a long-term asset class.
Track real-time fund inflows and crypto equity holdings with the Cryptocurrency Daily API, which provides daily updates on price movements, market cap changes, and sector-wide trends.
Investor sentiment is also riding high as Crypto Week kicks off in Washington. The U.S. House of Representatives is expected to debate several high-impact bills:
Genius Act (innovation protection)
Clarity Act (crypto asset definitions and tax treatment)
Anti‑CBDC Surveillance State Act (restricting federal digital currency control)
If these bills advance, they could mark a foundational shift in U.S. crypto regulation — offering long-awaited clarity around stablecoins, digital asset custody, and decentralized finance.
Stay up-to-date on evolving regulations and their impact on crypto assets using the Crypto News API, which compiles sentiment-driving headlines from verified global sources.
Analysts at IG noted that while Bitcoin had shown a “mildly bearish trajectory” since May’s highs, last week’s price action suggests the correction has ended.
Key momentum signals include:
Rising July trading volume, on track to outpace May
Improving RSI and MACD indicators
ETF-related equities rallying in tandem
Crypto-linked stocks such as Riot Platforms (RIOT), Marathon Digital Holdings (MARA), and MicroStrategy (MSTR) gained significantly last week, echoing Bitcoin’s bullish resurgence.
Ethereum rose 2.6% to $3,027.80, marking a 5-month high
Renewed activity in decentralized finance and staking demand has lifted sentiment
XRP surged 5.8% to $2.93
Solana added 3.1%
Cardano climbed 4.5%
Polygon jumped 5%
Dogecoin rose 3.4%
Meme token $TRUMP gained 1.6%
A strategic briefing by Shanghai’s state asset regulator last week may hint at China reevaluating its crypto stance. Though formal trading remains banned, discussions on stablecoins and digital currency regulation could signal an incremental pivot — potentially opening backdoors for digital asset innovation.
Crypto Week legislation: Potential for bipartisan support on core bills
ETF inflows: Sustained institutional demand could stabilize price floors
Chinese policy evolution: Early signals of regulatory flexibility
Altcoin rotation: As Bitcoin dominance stabilizes, altcoin rallies may intensify
Regulatory delays or backlash from U.S. political factions
Overbought technical conditions in the short term
Profit-taking pressure near all-time highs
Bitcoin’s surge past $122,000 is more than a technical breakout — it's a symbol of maturing institutional adoption, potential regulatory clarity, and rising global relevance in the digital financial ecosystem.
With regulatory clarity on the horizon and capital flowing from traditional finance into digital assets, Bitcoin and its broader ecosystem are poised for the next phase of structural growth.
Monitor daily crypto movements, regulatory developments, and ETF-driven flows using FMP’s Cryptocurrency Daily and Crypto News references.
