Bitcoin surged over 2% to around $122,000 on Monday, nearing fresh all-time highs after a four-week consolidation, fueled by bullish developments out of Washington. Analysts highlighted reports of a potential executive order from US President Donald Trump that would allow cryptocurrency investments in 401(k) retirement plans, a move that could open access to as much as $9 trillion in funds for crypto markets. Additional tailwinds came from strong ETF inflows and increased bitcoin purchases by treasury-backed companies. MicroStrategy Executive Chairman Michael Saylor said Sunday on X that the firm will add more bitcoin to its $76.8 billion holdings. Investors also turned their attention to upcoming US inflation data this week, which could influence the Federal Reserve’s policy trajectory.