Bitcoin Surges to New High at $120,027
Bitcoin has reached a new high, surging to $120,027, marking a 2.55% daily increase and nearly 10% weekly. Its market cap stands at $2.39 trillion. This surge comes amidst significant stock market today activity and political discussions around funding methods.
Bitcoin options are clustering around the $100K-$120K range, with light call demand at $130K and speculative interest at $300K. Spot ETF inflows for BTC were +$627 million, and for ETH were +$307 million, both marking four straight days of inflows. In the futures market, there were $134.7 million in liquidations over the last 24 hours, with $117 million attributed to shorts.
Meanwhile, in the political sphere, discussions are ongoing about funding methods. Recently, German economist and politician Prof. Dr. Lars Feld proposed financing voting subsidies using customs revenue. This idea has been publicly discussed in German media and parliamentary debates since September 2025. In the U.S., former President Trump floated the idea of handing out $1,000-$2,000 stimulus checks funded by stock market tariff revenue. The U.S. Treasury has also been active, executing another $2 billion buyback, bringing the weekly total to $4.9 billion.
In the broader cryptocurrency market, Ethereum hit $4,480, Solana hit $231, and Binance's BNB hit an all-time high of $1,108, up 7.27%.
Bitcoin's surge to $120,027 reflects the ongoing bullish sentiment in the cryptocurrency market. As political discussions around funding methods continue, the market awaits further developments that could influence its trajectory. Meanwhile, other cryptocurrencies are also performing strongly, with Ethereum, Solana, and Binance's BNB reaching new heights.
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