Bitcoin Hits $122K Record Ahead of Crypto Week Buzz
Bitcoin Price Today: Surges Past $122K to Hit New Record Ahead of ‘Crypto Week.
Bitcoin surged past the $122,000 mark during Asian trading on Monday, setting a fresh all-time high as enthusiasm builds ahead of the highly anticipated “Crypto Week” in Washington. The rally is fueled by growing institutional interest and speculation around more favorable crypto regulations in the U.S.
Supporting the latest jump, Japanese firm Metaplanet Inc. (TYO:3350)—now the fifth-largest corporate holder of Bitcoin—announced the purchase of an additional 797 BTC, raising its total holdings to 16,352 coins.
Momentum has been strong over the past week, driven by robust ETF inflows and expectations that U.S. lawmakers will soon debate several key crypto-related bills, including the Genesis Act, Clarity Act, and the Anti‑CBDC Surveillance State Act.
Further optimism came after a key Chinese regulatory body held a strategic session last week on digital currencies and stablecoins, hinting at broader global engagement in crypto policy.
BTC had already broken above $119,999 on Friday, entering uncharted territory with bullish momentum indicators suggesting the next target could lie above $130,000. While “Crypto Week” has begun with a bang, whether Bitcoin extends its rally or faces a pullback may depend on upcoming macroeconomic developments.
