Bitcoin surge to $122K was ‘just a matter of time,’ Analyst says
Bitcoin surged above $122,000, within 1% of its all-time high, following last week’s pro-crypto White House executive order and three strong days of Bitcoin ETF inflows.
The price of Bitcoin shot above $122,000 on Monday, building on momentum from a bullish executive order in Washington and three straight days of spot Bitcoin exchange-traded fund inflows to close out last week.
Henrik Andersson, chief investment officer of Apollo Crypto, said the move was overdue following a month of consolidation.
Bitcoin (BTC) soared over 3.3% to $122,150 in the early hours of Monday morning, moving it within striking distance of its $123,000 all-time high, TradingView data showed.