Bitcoin Tops $120,000 for First Time Amid Strong ETF Demand
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Bitcoin reached a record high of $120,959 on Sunday evening, according to The Block’s price tracker, as institutional investment vehicles and US regulatory developments bolstered sentiment.
Crypto analyst Rachael Lucas attributed the rally to surging ETF activity: “Daily inflows have topped $1 billion, with total ETF-held BTC now worth $150 billion—6% of its market cap.”
The gains coincide with upcoming US congressional discussions on the CLARITY Act (crypto jurisdiction rules) and GENIUS Act (stablecoin framework), potentially reducing long-standing industry uncertainty.
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