Bitcoin’s $122K Leap: Trump, ETFs, and Saylor’s Magic 🤑

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Well, I say, old bean, the Bitcoin chappie has gone and done it again! Shot up like a rocket to a staggering $122,000 on Monday, what? All thanks to a spot of bullishness from the chaps in Washington and a jolly good run of ETF inflows, don’t you know. 🌟

Henrik Andersson, the egghead at Apollo Crypto, chimed in with a “told-you-so” sort of air, saying it was all just a matter of time. “What ho!” he exclaimed, “With positive ETF flows, treasury types piling in, and the White House chaps playing nice, it was bound to break out of its shell.” 🥚💥

“In our view it was just a matter of time before it would break up. In this time we have seen positive ETF flows, more treasury companies buying Bitcoin and a number of positive developments coming out of the White House.”

Bitcoin (BTC), the old rascal, soared 3.3% to $122,150 in the wee hours, nearly tickling its all-time high of $123,000. “Stuck in a low-volatility band between $115,000 and $120,000, it was,” Andersson told CryptoMoon, “despite all the good news floating about.” 📰

Now, what’s behind this sudden two-hour jaunt? Well, it seems old Donald Trump’s executive order, potentially letting crypto into 401(k) plans, has given the market a bit of a stiffener. $9 trillion up for grabs, you say? Cor blimey! 💼💰

And let’s not forget Michael Saylor, the chap who’s never met a Bitcoin he didn’t like. He hinted on X that MicroStrategy’s $76.8 billion stash might get a top-up. “If you don’t stop buying Bitcoin, you won’t stop making Money,” he quipped. Classic Saylor, eh? 🎩✨

ETF issuers weren’t far behind, scooping up $773 million worth of Bitcoin in the last three trading days. Farside Investors has the receipts, old sport. 📈

Market Sentiment: Not Too Greedy, Just Right

Despite the rally, the Crypto Fear & Greed Index is sitting pretty at 70, smack in the “Greed” zone. Not too overheated, mind you, just a bit of a glow. 🌡️

Google searches for Bitcoin? Only a modest rise, scoring 48 out of 100. Seems the world’s not quite as obsessed as when Trump won the election. Ah, those were the days! 🕶️

Crypto Market Sentiment Chart

BTC and ETH: The Dynamic Duo

Bitcoin’s leap to $122,000 helped it keep pace with Ether (ETH), which has been on a tear, up 1.8% in 24 hours compared to BTC’s 3.3%. ETH’s nearly tripled since April, hitting $4,315. Blimey, talk about a rally! 🚀

Together, BTC and ETH pushed the total crypto market cap to a whopping $4.14 trillion, a new all-time high. CoinGecko’s got the numbers, and they’re spiffing! 🌍💹

So there you have it, old bean. Bitcoin’s on a roll, Trump’s playing nice, and Saylor’s still buying. What’s not to love? Cheers! 🥂

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2025-08-11 09:16