Market analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade
Bitcoin extended its advance on Monday, breaking above the USD 122,500 mark as optimism surrounding regulatory developments in Washington and sustained institutional inflows continued to underpin sentiment. The move coincides with the start of “Crypto Week” in the U.S. House of Representatives, where lawmakers are set to debate a trio of bills, the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act seen by market participants as a foundational step toward comprehensive digital asset regulation.
Investor appetite has also been amplified by fresh corporate interest. Tokyo-listed Metaplanet Inc. disclosed the purchase of 797 Bitcoin, lifting its reserves to over 16,000 and indicating a continued shift toward corporate treasury adoption of digital assets. Meanwhile, spot Bitcoin ETFs in the U.S. have registered important inflows, exceeding USD 1 billion two days in a row. However, the surge in price could expose the market to price corrections if traders move to take profits. Otherwise, a continued bullish sentiment could drive the asset to new highs.