Bitcoin surged to $120,027, up 2.55% daily and nearly 10% weekly, with a market cap of $2.39 trillion. The futures market saw $134.7 million in liquidations over the last 24 hours, with $117 million of that attributed to shorts.
Altcoins also benefited from the massive surge, with Ethereum hitting $4,480 and Solana hitting $231. Binance’s BNB hit an all-time high of $1,108, up 7.27%
Spot ETF inflows remain strong: BTC +$627 million, ETH +$307 million, both marking four straight days of inflows.
Bitcoin options cluster around $100K–$120K, with light call demand at $130K and speculative interest at $300K.
The U.S. Treasury executed another $2 billion buyback, bringing the weekly total to $4.9 billion.
President Trump floated the idea of handing out $1,000–$2,000 stimulus checks funded by tariff revenue.
Bhutan has hired 3iQ to earn yield on part of its Bitcoin and given Gelephu a central bank that can hold crypto, while disclosing less and less about the coins themselves.
A royal decree turns the Gelephu Financial Services Office into the Gelephu Central Bank, with monetary policy, reserve and payments powers and a path to a city currency. The timetable and its relationship with Bhutan's national central bank are unclear
Withdrawals reopened Sunday with a $3.6 billion net outflow and a proof-of-reserves snapshot is out, but Binance has not published its technical post-mortem or said how attackers got in beyond a compromised laptop
The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December
