Bitcoin Trades at Record Highs While Ethereum Holds Above $3,000
Altcoins followed suit, with XRP leading gains at 4%, followed by Solana (SOL) with a 2.4% increase and ETH up 1.3%.
Quick overview
- Bitcoin (BTC) surged past $122,000 for the first time, driven by significant inflows into Bitcoin ETFs.
- Altcoins also experienced gains, with Ripple (XRP) leading at a 4% increase.
- The rally is attributed to institutional investment and optimism about regulatory clarity in the U.S. crypto space.
- Key legislation is being debated in Congress that could reshape the U.S. digital asset landscape.
Cryptocurrencies kicked off the much-anticipated “Crypto Week” on a high note, with Bitcoin (BTC) surging past $122,000 for the first time ever and altcoins climbing as much as 4%, led by Ripple (XRP).
BTC reached a new all-time high of $122,000 on Monday, according to Binance, fueled by strong inflows into spot Bitcoin exchange-traded funds (ETFs). Last Thursday, Bitcoin ETFs recorded their largest daily inflow of 2025, with over $1.18 billion in net capital pouring into the market. Ethereum (ETH) also rose, holding above the key $3,000 mark and trading around $3,060.
Altcoins followed suit, with XRP leading gains at 4%, followed by Solana (SOL) with a 2.4% increase and ETH up 1.3%.
Institutional Flows and Policy Hopes Fuel Rally
The recent rally has been largely attributed to sustained institutional investment and growing optimism about regulatory clarity in the U.S. crypto space. BTC could reach $125,000 within the next month or two, though he cautioned that trade tensions driven by President Donald Trump—particularly with the European Union, Mexico, and other key partners—could trigger short-term corrections. Still, the big players have already priced in those geopolitical risks.
U.S. Congress Kicks Off Crypto Week With Key Legislation
Investors are closely watching Capitol Hill, where lawmakers are beginning debate on three pivotal pieces of legislation that could reshape the U.S. digital asset landscape. The package—backed by President Trump—has been dubbed the “Crypto Week Agenda” and could provide the regulatory clarity the industry has long sought.
- The Clarity Act aims to shift regulatory oversight from the SEC to the CFTC and phase out the controversial Howey Test, potentially offering more flexibility for established blockchain networks. Supporters argue this will accelerate innovation, while critics warn it may open the door to underregulated tokens.
- The Genius Act targets stablecoins, mandating liquid reserves, clear issuance standards, and full compliance with the Bank Secrecy Act.
- The Anti-CBDC Surveillance State Act seeks to ban the development of a digital dollar by the Federal Reserve, citing privacy and civil liberty concerns. The proposal has stirred heated debate among both lawmakers and the public.
With political backing and Wall Street watching closely, this week could prove pivotal for the future of crypto in the United States.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save