Bitcoin continued its upward march on Monday, climbing 3.57% in the past 24 hours to reach above $122,000.
This latest gain aligns with a 6.87% rise over the past week and extends its 30-day performance to +3.52%. The move comes as the total cryptocurrency market cap swelled to $4.06 trillion, up 2.75% on the day.
The price action began with a steady consolidation around $118K before breaking above the psychological $120K threshold. Once that resistance gave way, momentum accelerated, carrying BTC to just below its July all-time high of little above $123,000. Profit-taking trimmed some of the gains, but Bitcoin remains firmly above $122K in early Monday trading.
One of the strongest drivers has been demand from U.S. spot Bitcoin ETFs, which saw $773 million in net inflows over the three days ending August 10, according to Farside Investors. BlackRock’s IBIT…
