Bitcoin costs reached $122,500 on Coinbase on July 14, in accordance with TradingView. The height was a little bit decrease on different exchanges that don’t have premiums; nevertheless, CoinGecko additionally reported it at $122,376.
The asset has notched a 3.5% acquire on the day in its newest push above the $120,000 milestone worth degree.
BTC broke into new worth discovery on July 11 when it surged to a brand new peak above $118,000 inside 24 hours. That momentum has continued into a brand new week, which must be laden with bullish bulletins for the business in the USA.
‘Crypto Week’ Begins
America Home has designated July 14 to 18 as “Crypto Week,” with three key business payments up for evaluation. These are the GENIUS Act for stablecoin laws, the CLARITY Act governing a transparent crypto framework, and the Anti-CBDC Surveillance State Act.
Observers have additionally speculated that there could also be an announcement on a US strategic Bitcoin reserve.
Different analysts have urged that Donald Trump’s spending invoice (the “One Huge Lovely Invoice”) and a surge in fiscal deficit will propel Bitcoin to new highs.
“The largest macro driver is the passing of Trump’s Huge Lovely Invoice (BBB), an enormous fiscal stimulus bundle signaling looser coverage forward,” stated Derive founder, Nick Forster, in a word shared with traders.
With a $2.4 trillion market capitalization, Bitcoin is now bigger than Amazon, noticed analyst Joe Consorti.
$1.3 BILLION IN SHORTS have been liquidated in lower than 60 seconds.
Bitcoin skipped straight previous $120k and went on to $121k.
At $2.39 trillion, Bitcoin is now formally bigger than Amazon, and is the world’s fifth largest asset.
Keep in mind today. pic.twitter.com/CuZ9wQI32v
— Joe Consorti
(@JoeConsorti) July 14, 2025
“Breaking new highs was liquidation pushed… ie, traders have been impartial… that is now flipping bullish,” opined analyst Willy Woo on Sunday, who added that this rally has loads extra room to go.
“Bitcoin is the one know-how I’m conscious of that may remedy the common downside of forex debasement shared by billions of individuals in our fashionable world,” commented crypto entrepreneur Anthony Pompliano.
RWA Main the Means
CoinGecko reported that real-world asset tokenization is at this time’s top-performing class, up 13% and outpacing meme cash and AI tokens.
Chainlink, Avalanche, Ondo Finance, and Algorand have been all outperforming the broader market on the time of writing.
Whereas Ethereum’s positive aspects have been muted, the asset climbed to its highest degree since early February, reaching $3,050 on the time of writing.
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