Based on Coindesk, Bitcoin is trading near $122,000 after hitting a record high of $126,200 earlier this week, with economist Timothy Peterson estimating a 50% chance of reaching $140,000 by month-end. The price surge has been driven by record ETF inflows and a decline in exchange-held BTC to a six-year low of 2.83 million. U.S.-listed spot ETFs have added over $60 billion since January 2024. However, the market faces risks from macroeconomic uncertainty and the lack of new U.S. economic data due to the government shutdown. Recent price corrections have pulled down ETH, XRP, and SOL by 5% or more, while BNB saw a 1.5% gain.
Bitcoin Eyes $140K by Month End Amid ETF Inflows and Exchange Withdrawals
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