Bitcoin Crosses $120,000 Milestone as Momentum Continues — Market Talk
Bitcoin hits yet another record high amid policy and macro tailwinds. Part of the momentum is due to higher institutional interest, which some say reflects fading confidence in sovereign currencies due to soaring debt, investor Louis Navellier says. The Trump administration's pro-crypto moves--like a bitcoin reserve--have brought legitimacy to the space, says Aaron Hill at FP Markets. Since the start of 2025, spot bitcoin ETFs have pulled in $14.4 billion, and corporates are ramping up participation, too, says Pepperstone's Dilin Wu. This week, focus is on key crypto legislation in the U.S. that could smooth barriers to institutional participation and add regulatory certainty, Wu adds. Major data are also in focus. If rate-cut hopes ebb, that could damp crypto sentiment. Bitcoin is last at $121,008. ([email protected])