Bitcoin Soars to Unprecedented Heights, Surpassing $123,000
Bitcoin achieved a new record high, soaring above $123,000 on Monday. The impressive rally, driven by substantial institutional demand and robust ETF inflows, has seen the cryptocurrency gain nearly 10% this week alone. This marks its most significant performance since late April, propelling its year-to-date gains to over 25%.
The surge was powered by record-breaking Bitcoin ETF inflows, with Thursday witnessing the largest single-day inflow of 2025 at a staggering $1.18 billion. Ethereum also reaped the benefits of the crypto rally, with its ETFs noting their second-largest day of inflows ever at $383.1 million. This pushed ETH above the $3,000 mark for the first time since February.
Analysts attribute the rally to several factors, including:
- Growing institutional adoption
- A favorable regulatory environment under the Trump administration
- Increasing corporate treasury allocations to Bitcoin
MicroStrategy, the largest corporate Bitcoin holder, saw its stock price surge 4.4% to $414 as the company continues its aggressive Bitcoin accumulation strategy. Market experts predict that Bitcoin could reach $140,000 by year-end, bolstered by continued institutional demand and the forthcoming regulatory framework for stablecoins advancing through the U.S. Senate.