Bitcoin Back Above $120K as Clear Crypto Policy ‘Invites’ Capital, Institutions
The post Bitcoin Back Above $120K as Clear Crypto Policy ‘Invites’ Capital, Institutions appeared on BitcoinEthereumNews.com. In brief Bitcoin has climbed back to $120,000 after briefly pulling back to a local bottom $114,000. Institutional flows have resumed, with ETF inflows and treasury adoption gaining ground. Analysts point to macro headwinds including inflation risk, geopolitical tensions, and the potential for a dollar rebound. Bitcoin has reclaimed the $120,000 mark following a brief pullback earlier this week as renewed institutional flows continued to be buoyed by clearer U.S. crypto policy. Its return comes after profit-taking briefly capped the alpha asset’s momentum, stalling a seven-day rally that had pushed it to new highs. Last week’s rally found a local bottom near $114,000, QCP Capital said in its Wednesday Asia Colour note, adding that Bitcoin has since hovered in a tight range as traders assess whether that would hold or give way to a deeper retracement. U.S. equities, which have been closely tracking Bitcoin’s rise this year, have stalled since early July, a drift the firm said could signal exhaustion. The S&P 500 has risen by just 0.6% over the past five days, according to Google Finance data. “Equities have so far shrugged off a cocktail of headwinds, from elevated base tariff levels to fresh threats targeting nations purchasing Russian oil,” QCP wrote. Still, institutional confidence in Bitcoin appears to be gaining momentum, despite persistent macroeconomic risks. “The push for regulatory clarity is a major confidence booster for both retail and institutional investors,” James Toledano, chief operating officer at Unity Wallet, told Decrypt. Toledano is referring to key developments in crypto policy over the past few weeks, centered on the U.S. House’s passage of the GENIUS Act on Thursday. “While the outcomes are still pending, the signal is clear: U.S. lawmakers are engaging seriously with crypto. And ultimately, clarity invites capital,” Toledano said. Others see broader liquidity trends supporting the…
The post Bitcoin Back Above $120K as Clear Crypto Policy ‘Invites’ Capital, Institutions appeared on BitcoinEthereumNews.com.
In brief Bitcoin has climbed back to $120,000 after briefly pulling back to a local bottom $114,000. Institutional flows have resumed, with ETF inflows and treasury adoption gaining ground. Analysts point to macro headwinds including inflation risk, geopolitical tensions, and the potential for a dollar rebound. Bitcoin has reclaimed the $120,000 mark following a brief pullback earlier this week as renewed institutional flows continued to be buoyed by clearer U.S. crypto policy. Its return comes after profit-taking briefly capped the alpha asset’s momentum, stalling a seven-day rally that had pushed it to new highs. Last week’s rally found a local bottom near $114,000, QCP Capital said in its Wednesday Asia Colour note, adding that Bitcoin has since hovered in a tight range as traders assess whether that would hold or give way to a deeper retracement. U.S. equities, which have been closely tracking Bitcoin’s rise this year, have stalled since early July, a drift the firm said could signal exhaustion. The S&P 500 has risen by just 0.6% over the past five days, according to Google Finance data. “Equities have so far shrugged off a cocktail of headwinds, from elevated base tariff levels to fresh threats targeting nations purchasing Russian oil,” QCP wrote. Still, institutional confidence in Bitcoin appears to be gaining momentum, despite persistent macroeconomic risks. “The push for regulatory clarity is a major confidence booster for both retail and institutional investors,” James Toledano, chief operating officer at Unity Wallet, told Decrypt. Toledano is referring to key developments in crypto policy over the past few weeks, centered on the U.S. House’s passage of the GENIUS Act on Thursday. “While the outcomes are still pending, the signal is clear: U.S. lawmakers are engaging seriously with crypto. And ultimately, clarity invites capital,” Toledano said. Others see broader liquidity trends supporting the…
What's Your Reaction?
