Bitcoin Surges Past $120,000 as Major Players Make Strategic Moves in Crypto Space

Major institutional players are making bold moves in the crypto space, with crypto exchange Bullish raising its IPO pricing range to target a $4.8 billion valuation. The company plans to sell 30 million shares at $32-33 per share, up from the previous range of $28-31, with backing from financial giants BlackRock and Ark Invest ^[2].

Payment processing giant Stripe is making waves with its announcement of a new blockchain platform called Tempo, raising questions about the balance between mainstream adoption and crypto's foundational principles of openness ^[3]. This development signals growing interest from traditional financial institutions in blockchain technology.

The market is anticipating potential price shocks as various bitcoin treasury companies make strategic moves ^[4]. Adding to this momentum, ZOOZ Power is making a notable pivot into Bitcoin treasury management under the leadership of Hedera Hashgraph co-founder Jordan Fried ^[5].

Demand from Asia is emerging as a key driver pushing Bitcoin toward potential new all-time highs, with analysts eyeing the $250,000 mark ^[6]. This regional interest, combined with increased U.S. investor participation, is creating a robust foundation for continued price appreciation.

1. Bitcoin tops $120,000 on investor bets on Fed rate cuts, Trump support for crypto
2. Crypto Exchange Bullish Seeks $4.8B Valuation in Upsized IPO Backed by BlackRock and Ark Invest
3. Stripe Is Building A Blockchain: Can Openness Survive Branded Rails?
4. Going To ‘Be A Big Week’—Bitcoin Suddenly Soars As Crypto Braces For Massive Price Shocks
5. A Key Crypto Insider Wants to Make This Penny Stock the Next MicroStrategy. Should You Buy Shares Here?
6. Bitcoin flirts with new all-time high. Here’s what’s driving the price towards $250,000