Bitcoin costs reached $122,500 on Coinbase on July 14, in response to TradingView. The height was a bit of 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 ought to be laden with bullish announcements for the business in america.
‘Crypto Week’ Begins
The US Home has designated July 14 to 18 as “Crypto Week,” with three key business payments up for evaluate. These are the GENIUS Act for stablecoin rules, 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 recommended that Donald Trump’s spending invoice (the “One Large Stunning Invoice”) and a surge in fiscal deficit will propel Bitcoin to new highs.
“The most important macro driver is the passing of Trump’s Large Stunning Invoice (BBB), a large fiscal stimulus bundle signaling looser coverage forward,” mentioned Derive founder, Nick Forster, in a observe shared with traders.
With a $2.4 trillion market capitalization, Bitcoin is now larger than Amazon, noticed analyst Joe Consorti.
$1.3 BILLION IN SHORTS had 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.
Bear in mind this present day. pic.twitter.com/CuZ9wQI32v
— Joe Consorti ⚡️ (@JoeConsorti) July 14, 2025
“Breaking new highs was liquidation pushed… ie, traders had 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 clear up the common downside of forex debasement shared by billions of individuals in our trendy world,” commented crypto entrepreneur Anthony Pompliano.
RWA Main the Method
CoinGecko reported that real-world asset tokenization is right this moment’s top-performing category, up 13% and outpacing meme cash and AI tokens.
Chainlink, Avalanche, Ondo Finance, and Algorand had been all outperforming the broader market on the time of writing.
Whereas Ethereum’s good points had been muted, the asset climbed to its highest degree since early February, reaching $3,050 on the time of writing.
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