BTC Nears $120K as U.S. Regulatory Clarity Spurs Institutional Entry

[tobiluxy]

Bitcoin (BTC) is currently trading around $119,070, showing a slight gain of about 0.93% today, after briefly touching a recent high near $123,150. The market remains bullish, with over $52 billion in 24-hour trading volume and Bitcoin maintaining a dominant 60.3% share of the total crypto market. With its market cap approaching $2.37 trillion, BTC has surged over 27% year-to-date, and its realized market cap just crossed $1 trillion, indicating strong long-term holder confidence.

Major institutions continue to drive momentum Trump Media announced a $2 billion BTC purchase, while MicroStrategy added 6,220 BTC, pushing its holdings to 607,770 BTC. Meanwhile, JPMorgan is exploring loans backed by crypto assets, signaling deeper traditional finance integration. These developments follow regulatory clarity in the U.S. with the Genius Act, which many believe is fueling renewed interest in digital assets.

However, caution remains as analysts warn of potential volatility due to macroeconomic uncertainty, including the upcoming Federal Reserve decision, global trade tensions, and the possibility of a correction after the recent rally. Critics like Robert Kiyosaki have raised concerns about a potential BTC crash, urging investors to prepare for market shifts.

In summary, Bitcoin is holding strong above $119K, with bullish institutional signals and growing investor confidence, but remains sensitive to macroeconomic and regulatory developments in the weeks ahead.

As rally continue, are we still expecting more correctional?