Bitcoin Surges Past $122K, Nearing All-Time High on ETF Inflows and Corporate Buys

bitcoinistPublished on 2025-08-12Last updated on 2025-08-12

Abstract

Bitcoin (BTC) surged past $122,000 on Monday, coming within 1% of its all-time high of $123,218. The rally has been...

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Bitcoin (BTC) surged past $122,000 on Monday, coming within 1% of its all-time high of $123,218. The rally has been fueled by high spot Bitcoin ETF inflows, renewed corporate accumulation, and a pro-crypto policy shift from the White House.

Related Reading: Tron’s Record-Breaking Reliability: Successful Transaction Ratio In 2025 Holding Near 100%

Over the last three days of trading, U.S. spot Bitcoin ETFs absorbed $773 million in net inflows, according to Farside Investors. BlackRock’s IBIT fund now holds $80 billion in BTC, closing in on the $94 billion held by the largest gold ETF.

On the corporate front, Michael Saylor’s MicroStrategy signaled continued Bitcoin purchases, expanding its already massive $76.8 billion treasury. Henrik Andersson, CIO at Apollo Crypto, described the move above $122K as “just a matter of time” after a month-long consolidation between $115K and $120K.

Trump’s Pro-Crypto Policies Ignite Wave of Bitcoin Optimism

A major catalyst has been President Donald Trump’s recent executive order enabling 401(k) retirement plans to invest in cryptocurrencies. This policy could open up $9 trillion in retirement assets to Bitcoin, potentially driving significant long-term demand.

Technical indicators remain bullish. The daily RSI sits at 67.7, signaling strong momentum without entering overbought territory, while the MACD has posted a bullish crossover.

Analysts believe a decisive break above $123K could trigger algorithmic buying and retail FOMO, pushing BTC toward the $126K–$129K range.

bitcoin btc btcusd

BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview 

Broader Crypto Market Hits $4.14 Trillion

Bitcoin’s rally has helped lift the total cryptocurrency market capitalization to an all-time high of $4.14 trillion. Ethereum (ETH) also surged, crossing $4,300 for the first time since 2021, supported by $4 billion in institutional inflows and the launch of ETH-focused ETFs.

Despite the bullish trend, sentiment remains measured. The Crypto Fear & Greed Index stands at 70/100, indicating enthusiasm but avoiding extreme euphoria. Google search interest for Bitcoin has also risen modestly, suggesting room for further retail participation.

Related Reading: Ripple’s Unscheduled $3.2 Billion XRP Unlock Shocks Community, What’s Going On?

With institutional inflows strong, corporate adoption rising, and regulatory clarity improving, analysts say Bitcoin is well-positioned for another leg higher. A clean break above $123K could open the door to $130K in the near term, and potentially $150K by year-end if macroeconomic conditions remain favorable.

Cover image from ChatGPT, chart from Tradingview

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539 Total ViewsPublished 2025.05.13Updated 2025.05.13

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