Bitcoin is surging toward $125,000, fueled by President Donald Trump’s executive order allowing US pension funds to invest in cryptocurrencies, drawing in major institutional capital.
Bitcoin Gains from US Pension Reform and Key Mergers
The executive order opens access to alternative assets like cryptocurrencies and private equity for retirement programs, positioning this as a long-term growth driver. Major US bitcoin exchange-traded funds saw three days of inflows coinciding with sharp price rises, much of it over the weekend when market liquidity is typically low, raising questions about the stability of current levels.
Market attention also turned to other developments. Rumble Inc announced plans to acquire German AI firm Northern Data AG for $1.17 billion, potentially making stablecoin giant Tether a major shareholder in Rumble. Meanwhile, Strategy (formerly MicroStrategy) added 155 BTC worth about $18 million at an average price of $116,401 per coin. Its portfolio now holds 628,946 BTC, nearly 3% of total bitcoin supply, with around $30 billion in unrealized profits.
Altcoins Show Mixed Reactions
Altcoin performance varied. Ethereum holds near $4,276, just $500 below its 2021 all-time high. XRP rose after the SEC-Ripple dispute resolution, while Solana and Cardano saw weak movements. Among meme tokens, Dogecoin dipped slightly, and $TRUMP fell over 3%.
Bitcoin’s Bullish Technical Trend
Technically, bitcoin moves within a long-term ascending channel, confirming a strong bullish trend. The price has firmly settled above the key $107,000 level and keeps hitting new all-time highs, nearing $125,000. The current setup views even deep pullbacks as potential long entry points amid the positive backdrop and high likelihood of further gains.
FAQ
What drives Bitcoin’s current rally to $125,000?
President Trump’s executive order allowing US pension funds to invest in crypto has boosted optimism and institutional inflows into bitcoin ETFs.
How much bitcoin does Strategy hold?
Strategy (formerly MicroStrategy) owns 628,946 BTC, nearly 3% of total supply, with $30 billion in unrealized profits after adding 155 BTC recently.
Is the $107,000 level a key support for bitcoin?
Yes, bitcoin’s settlement above $107,000 in its ascending channel signals bullish strength, treating pullbacks as long entry opportunities.
