Bitcoin shattered expectations Monday, surging past $123,000 for the first time ever, and positioning itself among the top five most valuable global assets. As reported by Associated Press, Bitcoin’s market cap crossed $2.4 trillion, overtaking Amazon and placing it just behind Apple, Microsoft, Saudi Aramco and Nvidia. This staggering rally comes amid a critical legislative moment in the U.S. House, where lawmakers have launched what’s being dubbed “Crypto Week.”
The House is reviewing three key bills—the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act—aimed at clarifying crypto regulations, limiting Federal Reserve powers over a digital dollar, and establishing legal frameworks for stablecoins. According to Business Insider, this is the most comprehensive crypto legislative effort ever presented in Congress, and it is widely seen as a catalyst for Bitcoin’s dramatic momentum.
Momentum isn’t only coming from Capitol Hill. Institutional buying has accelerated, with Tokyo-based tech investment firm Metaplanet purchasing 797 more BTC at an average price of $117,450—an investment worth nearly $94 million. This brings its total Bitcoin holdings to more than 16,300 BTC, now valued at over $2 billion. As noted by CCN, Metaplanet has become Asia’s MicroStrategy—a bellwether for corporate crypto conviction.
Meanwhile, institutional exposure is deepening across capital markets. The Czech National Bank reportedly took a stake in Coinbase, and several U.S.-listed companies—such as SharpLink and MicroStrategy—have expanded their crypto allocations. This institutional wave is supported by growing confidence in U.S. regulatory clarity and access to regulated investment vehicles.
Spot Bitcoin ETFs are also fueling demand. Over $2.7 billion in net inflows were recorded last week alone, according to Investopedia, with BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Fund leading the pack. These products have dramatically simplified access to Bitcoin for institutional investors and pension funds, drawing in capital that was previously sidelined… see more
source: ibtimes.com
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