Bitcoin Surpasses $123,000 as Ethereum and XRP Reach Key Milestones

Bitcoin Surpasses $123,000 Amid Strong Institutional Inflows

Bitcoin reached a new all-time high of $123,231 on Coinbase Monday morning, marking a significant milestone in a week of robust activity for digital assets. This surge coincided with $3.7 billion in inflows to digital asset investment products, the second-largest weekly total on record, according to data from CoinShares. The inflows propelled total assets under management (AuM) for crypto exchange-traded products (ETPs) to an unprecedented $211 billion, underscoring sustained investor demand despite ongoing macroeconomic uncertainties.

Leading the inflows was Bitcoin itself, which attracted $2.7 billion over the week. Its total AuM now stands at $179.5 billion, representing 54% of the value held in gold ETPs for the first time. This milestone highlights Bitcoin’s increasing recognition as a store of value. The rally has been driven in part by renewed institutional interest, with major financial firms such as BlackRock and Fidelity expanding their exposure to the cryptocurrency market. This influx of capital reflects a broader trend of institutional adoption, further bolstered by the growing availability and popularity of crypto ETFs.

Ethereum and XRP Achieve Notable Gains Amid Mixed Flows

Ethereum also experienced significant gains, recording $990 million in inflows—its fourth-largest weekly total—and extending a streak of 12 consecutive weeks of positive flows. These inflows account for 19.5% of Ethereum’s total AuM, nearly double Bitcoin’s 9.8%. Ethereum’s price responded with an 18% increase over the week, trading above $3,000 and signaling renewed optimism surrounding its ecosystem and development prospects.

Ripple’s XRP climbed 7% to $2.97, reaching a key price threshold. However, XRP experienced the largest outflows among major cryptocurrencies, totaling $104 million, indicating some profit-taking or shifts in investor sentiment. In contrast, Solana attracted $92.6 million in inflows, while Stellar emerged as the standout altcoin, surging 90% over the week amid heightened retail interest.

Regionally, the United States dominated inflows with $3.7 billion, reflecting strong domestic demand. Germany recorded $85.7 million in outflows, whereas Switzerland and Canada posted modest gains of $65.8 million and $17.1 million, respectively.

Market Drivers and Emerging Challenges

Several factors have contributed to the recent surge in crypto markets. US President Donald Trump’s recent favorable remarks on cryptocurrencies have bolstered investor confidence, even as new tariff announcements introduce potential volatility. Meanwhile, the mining sector faces increasing challenges, including rising operational costs and mounting pressure to adopt more sustainable practices—issues that could affect Bitcoin’s long-term viability.

The combination of record inflows, growing institutional participation, and supportive policy signals suggests that digital assets are entering a new phase of mainstream acceptance. Nonetheless, evolving regulatory frameworks and industry challenges remain critical factors to monitor as the market continues to mature.