Bitcoin hits new all-time highs as it crosses past $120,000, fueled by ETF inflows
UNITED STATES, JUL 14 – Bitcoin's price rose over 28% this year driven by record $150 billion inflows into U.S. Bitcoin ETFs and advancing crypto legislation in Congress, signaling strong institutional demand.
- On Monday , Bitcoin surged past $120,000 on Coinbase, extending its July rally with a new all-time high.
- As regulatory momentum builds, the US House will vote on crypto bills, with Washington declaring the week of July 14 as “crypto week,” and BlackRock’s IBIT ETF reaching $83 billion AUM on Thursday.
- Market metrics indicate sustained buying with record inflows and rising activity, as $2.7 billion weekly ETF inflows and daily Bitcoin transactions increased by 24,000 to 364,000 in two days.
- Market breadth broadened as Bitcoin’s surge drove altcoin rallies, with James Butterfill noting that political developments and signals from the Federal Reserve are fueling gains.
- With regulatory clarity on the horizon, projections point to new Bitcoin highs, as Nigel Green, CEO of deVere Group, forecasted a move to $140,000 then a pullback.
140 Articles
140 Articles
Bitcoin breaks $123,000 price record as lawmakers begin 'Crypto Week' in Washington
Bitcoin hit a record high on Monday amid investors' optimism that the cryptocurrency may soon have more regulatory certainty with legislation moving through the Republican-led Congress.Investors on Monday pushed bitcoin above the $120,000 threshold for the first time, touching an all-time high above $123,000 before paring some of those gains and trending closer to $120,000. That brings the cryptocurrency's year-to-date gains to 28.5%.Bitcoin's r…
It’s ‘Crypto Week’ in the House—What to Expect
Bitcoin prices reached an all-time high of $120,000 as the United States kicked off “crypto week.” Washington will be voting on a trio of bills that could implement legislative changes for the cryptocurrency industry, potentially fulfilling President Donald Trump’s campaign promise of instating digital asset-friendly regulatory frameworks. “We are taking historic steps to ensure the United States remains the world’s leader in innovation, and I l…
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