Bitcoin bulls are making a run at $120,000 again, but most traders are wondering what it takes to get to $150,000. Bitcoin market structure and multi-faceted adoption still support a longer-term rally to $150,000.

But actually, the PPI measures prices at the level of the manufacturer — which is located in America. In other words, the index "does not include imports, because imports are by definition not produced by domestic firms," according to the U.S. Bureau of Labor Statistics.

A rush of investment into Bitcoin ETFs in recent days sent the combined asset value of such investment vehicles to a record high of more than $158 billion, according to The Block, an outlet that covers digital assets. Investors placed more than a billion dollars into Bitcoin ETFs on consecutive days last week, The Block found.

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence,

Bitcoin reached all-time high above $123,000 as lawmakers prepare crypto regulatory bills during "Crypto Week," following Trump's pledge to make the U.S. a "bitcoin superpower."

The GENIUS Act is good news for Ethereum because it is likely to ban competing yield-bearing stablecoins that often offer higher and simpler returns.

A K33 Research report released on Tuesday highlighted that in the past bull runs of 2021 and 2017, BTC went from cycle bottom to cycle peak in 1,062 days in 2021 and 1,069 days in 2017. The analyst reported that if the pattern repeats, a cycle top could occur between October 15 and October 30.

There are several reasons Bitcoin could reach even greater heights over the second half of the year. Here's why.