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Bitcoin Tops $123,000 as US Lawmakers Kick Off ‘Crypto Week

Record ETF inflows have driven bitcoin’s latest surge ahead of congressional Crypto Week

FILE - In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah. (AP Photo/Rick Bowmer, File)
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Overview

  • Bitcoin hit a record high of $123,153 on Monday, driving the crypto market’s value toward $4 trillion.
  • Spot bitcoin ETFs recorded a single-day inflow of $1.18 billion on Thursday, the largest of 2025.
  • Crypto Week began in the U.S. House of Representatives with debates on the GENIUS Act, the Clarity Act and the Anti-CBDC Surveillance State Act.
  • President Donald Trump has branded himself the “crypto president” and is pressing Congress to enact pro-crypto legislation.
  • Analysts have raised bitcoin’s near-term target to $125,000 and project end-of-year prices between $140,000 and $160,000 on mounting institutional interest.