Bitcoin Smashes $120K as ETF Mania and Policy Hopes Ignite Rally

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Bitcoin’s price skyrocketed to a historic $120,000 Sunday night, fueled by record-breaking ETF inflows and anticipation of pro-crypto US legislation.

Trading at $120,959 (up 2.23%) on Coinbase, BTC’s latest surge underscores growing Wall Street participation. “We’re seeing institutional FOMO in real time,” said Rachael Lucas of Markets. “ETF holdings now represent 6% of Bitcoin’s market cap—that’s $150 billion in AUM. This isn’t retail-driven; it’s deep-pocketed conviction.”

The timing aligns with “Crypto Week,” where Congress could advance the CLARITY Act (defining SEC/CFTC roles) and the GENIUS Act (regulating stablecoins)—key milestones for regulatory certainty. Analysts suggest this could be the catalyst for Bitcoin’s next leg up.