Bitcoin Back Above $120K as Clear Crypto Policy ‘Invites’ Capital, Institutions
Bitcoin has reclaimed the $120,000 mark after a brief dip to $114,000, as investor confidence surges following clearer U.S. crypto policies. Institutional flows, including ETF inflows and treasury adoption, are on the rise, signaling that regulatory clarity is fostering greater capital movement into the market. Despite macroeconomic challenges such as inflation risks and geopolitical tensions, analysts are optimistic about Bitcoin's trajectory. The passage of the GENIUS Act by U.S. lawmakers has encouraged institutional interest, boosting demand for Bitcoin as a treasury asset. Analysts note that while some profit-taking is expected, the fundamentals and growing institutional confidence support the current uptrend. Macro data, including upcoming jobless claims, could impact this rally. Observers believe Bitcoin's market dominance will be maintained despite rising interest in altcoins. They highlight a trend where companies are shifting their treasury assets towards Bitcoin and other cryptocurrencies, illustrating a broader acceptance and support for the crypto ecosystem. This momentum suggests that Bitcoin may continue to benefit even as it navigates through existing economic uncertainties.
Source 🔗