Bitcoin just soared to historic highs, driven by institutional buying, ETF inflows, and a U.S. crypto policy shakeup in motion.
Bitcoin hit a record high above $123,000 on Monday before pulling back slightly, fueled by major institutional interest and ETF demand.
Strategy Inc., formerly MicroStrategy, bought 4,225 BTC last week for $472.5 million, raising its total holdings to 601,550 BTC. The purchase was funded through its at-the-market offering program.
At the same time, U.S. spot bitcoin ETFs attracted massive inflows—$1 billion on Thursday and Friday alone, and $2.7 billion for the full week. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack.
Meanwhile, the U.S. House of Representatives is set to vote on three key crypto bills: the CLARITY Act, the Anti-CBDC Surveillance Act, and the GENIUS Act, adding fuel to investor optimism during what’s being dubbed “Crypto Week.”
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