Bitcoin Breaks $122K, Analysts Say “It’s Only a Matter of Time”

Bitcoin Hits $122K Record High on ETF Inflows and Policy Boost

Bitcoin Hits $122K on Monday, putting it within 1% of its all-time high. The rally followed a pro-crypto executive order from the White House and three straight days of ETF inflows.

Henrik Andersson, CIO of Apollo Crypto, said the move was expected after a month of consolidation.
“We think BTC’s breakout is only a matter of time. ETF inflows are strong, more companies hold BTC, and U.S. policy is turning favorable,” he noted.

TradingView data shows BTC/USD hit $122,150, up 3.3% on Monday morning. President Donald Trump’s decision to allow crypto in 401(k) retirement plans added further momentum.

Institutions Keep Buying Bitcoin Hits $122K

Michael Saylor signaled that MicroStrategy plans to add $76.8 billion in BTC.
“If you never stop buying Bitcoin, you’ll never stop making money,” he posted on X.

Farside Investors reported Bitcoin ETF issuers bought $773 million worth of BTC over the last three trading days.

Market Sentiment Remains in Check

The Crypto Fear & Greed Index stayed at 70/100 in the “Greed” zone, up just one point from the day before. Google searches for “Bitcoin” rose slightly to 48/100. The highest in the past year came in mid-November, a week after Trump’s election win.

BTC and ETH Lift Crypto Market Cap to Record

Bitcoin’s rise pushed Ether (ETH) up 1.8% in 24 hours. ETH has nearly tripled since April 9, moving from $1,435 to $4,315.

The rally in both assets drove the global crypto market cap to $4.14 trillion, a new record, according to CoinGecko.

Read more like this: Vanessa Kirby Praises Robert Downey Jr.’s Doctor Doom Transformation