Bitcoin Surges Past $121K on ETF Inflows and U.S. Crypto Week Hype

Bitcoin soared to a new all-time high of $121,156 in Asian trading on Monday, driven by strong institutional demand and growing anticipation ahead of “Crypto Week” in Washington. The leading cryptocurrency was last trading at $120,778, up 2.7% as of 03:48 GMT.

Fueling the rally was Japanese hotelier-turned-Bitcoin-treasury Metaplanet’s announcement of a 797 BTC purchase, increasing its holdings to 16,352 coins. Metaplanet now ranks as the fifth-largest corporate holder of Bitcoin, reflecting the rising trend of corporations adopting Bitcoin as a treasury asset.

Market momentum was also supported by robust inflows into U.S. spot Bitcoin ETFs, led by major asset managers like BlackRock and Fidelity. These inflows signal strong institutional interest and reinforce Bitcoin’s growing status as a mainstream investment.

Investor optimism is further boosted by the kickoff of “Crypto Week” in the U.S., where lawmakers are expected to debate pivotal legislation including the Genius Act, Clarity Act, and Anti-CBDC Surveillance State Act. These proposed bills could establish clearer regulatory guidelines for stablecoins, custody solutions, and the broader digital asset ecosystem.

Bitcoin-related equities also surged last week, with notable gains in stocks such as Riot Platforms, Mara Holdings, and MicroStrategy, mirroring the broader bullish sentiment in the crypto sector.

Adding to the momentum, a major policy session in China last week suggested a potential softening of the country’s stance on digital assets. The Shanghai state asset regulator held a strategic briefing on stablecoins and digital currencies, hinting at a possible policy shift despite the country’s current ban on crypto trading.

The convergence of regulatory optimism, corporate adoption, and strong ETF flows continues to power Bitcoin’s historic rally.