Bitcoin soared to a new all-time high on Monday, crossing $122,600 amid a wave of institutional inflows and growing anticipation around U.S. crypto legislation. The rally, tracked by Coin Metrics, marks a major milestone for the world’s largest cryptocurrency, as investors react to strong exchange-traded fund (ETF) demand and signs of regulatory progress.
At 1:27 p.m. Singapore time, Bitcoin reached $122,600, continuing its upward trend. Last Thursday, Bitcoin ETFs recorded their biggest daily inflow of 2025, attracting $1.18 billion, as corporate and institutional buyers ramped up exposure.
Institutional confidence and policy optimism
Jeff Mei, COO at crypto exchange BTSE, attributed the surge to “longer-term institutional buyers,” predicting that Bitcoin could reach $125,000 within the next two months. He acknowledged that global trade tensions—particularly those involving U.S. President Donald Trump’s disputes with the EU and Mexico—could introduce volatility. However, institutional investors appear to be “discounting this risk” and maintaining bullish positions.
Xu Han, Director at HashKey Capital’s Liquid Fund, added that “long-term holders are locking up supply,” and noted that policy clarity, especially around stablecoins, has boosted capital inflows and investor confidence.
‘Crypto Week’ in Washington
The momentum coincides with the start of ‘Crypto Week’ in the U.S. House of Representatives. Lawmakers are deliberating a series of new bills aimed at regulating the digital asset sector, long seen as a major hurdle to broader adoption. The legislation includes the Genius Act, which proposes to regulate U.S. dollar-pegged stablecoins and allow private companies to issue digital currencies.
These measures are backed by President Donald Trump, who has taken a pro-crypto stance and is actively involved in several blockchain and crypto ventures.
Markus Thielen, CEO of 10x Research, said that he expects the U.S. could soon unveil a sovereign wealth fund that would allocate capital to digital assets. He revealed that institutional investors have poured $15 billion into Bitcoin ETFs over the past six to eight weeks, while retail investors have largely stayed on the sidelines.
10x Research maintains a year-end Bitcoin target of $140,000 to $160,000, although Thielen warned that hawkish monetary policy and potential interest rate hikes by the U.S. Federal Reserve remain the key downside risks.
