On July 14, 2025, Bitcoin reached a new all-time high, surpassing the $122,000 mark. According to data from Coinbase, the cryptocurrency traded at $122,500, reflecting a daily increase of approximately 3.5%. CoinGecko reported a similar value of around $122,376 on other exchanges.

The surge coincided with the start of “Crypto Week” in the United States Congress. Lawmakers are reviewing several key legislative proposals aimed at regulating the digital asset market. Among the most notable bills:

GENIUS Act – introduces regulatory oversight for stablecoin issuance and reserve standards;

CLARITY Act – aims to define the division of authority between the SEC and CFTC;

Anti-CBDC Surveillance State Act – seeks to limit the creation of a central bank digital currency (CBDC) by the Federal Reserve.

These developments have been interpreted by market participants as a move toward a more predictable and transparent regulatory environment, encouraging greater institutional participation.

Another factor driving the price increase is the continued decline in liquid Bitcoin supply on centralized exchanges. Analysts estimate that only around 11% of the total BTC supply remains available for trading, with the rest being moved to long-term storage.

Institutional demand is also growing steadily. Bitcoin ETFs have seen a notable uptick in capital inflows, and large financial institutions — including hedge funds, insurers, and pension managers — are increasing their exposure.

There is ongoing discussion in the U.S. about the possibility of establishing a national strategic Bitcoin reserve. If realized, Bitcoin could be formally recognized as a digital reserve asset, on par with gold or U.S. Treasury bonds.

As of publication, Bitcoin’s total market capitalization approaches $2.4 trillion, placing it among the world’s most valuable financial instruments.

In summary, Bitcoin’s new record price reflects a convergence of macroeconomic, legislative, and institutional forces. The asset continues to solidify its role in the global financial system.

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