New York, United States (Agencies) 14 July 2025 – Bitcoin has shattered previous records, soaring past $120,000 and trading at approximately $122,700 as of 08:00 GMT on Monday, according to CoinDesk data. The cryptocurrency’s year-to-date gains now stand at nearly 30%, fueled by robust institutional demand and sweeping policy changes in the United States.
The rally comes amid a wave of pro-crypto sentiment led by President Donald Trump, who has declared himself the “crypto president” and pledged to make the U.S. the “crypto capital of the world.” Under his administration, the Securities and Exchange Commission (SEC)—now headed by Paul Atkins—has dropped several crypto-related lawsuits and approved the first Bitcoin exchange-traded funds (ETFs). These ETFs have already surpassed $50 billion in net inflows as of July 10, according to Farside Investors.
In a landmark move, Trump signed an executive order in March to establish a U.S. Strategic Bitcoin Reserve, further cementing federal support for digital assets. States like Arizona and New Hampshire have followed suit, passing legislation to create their own Bitcoin reserves.
Analysts also point to Bitcoin’s growing appeal as a store of value, especially as the U.S. Dollar Index (DXY) has dropped nearly 10% this year. The decline is partly attributed to economic uncertainty stemming from Trump’s import tariffs, which some experts believe could push Bitcoin even higher.
The surge coincides with the start of “Crypto Week” in the U.S. House of Representatives, where lawmakers are set to debate several key bills aimed at regulating the digital asset space. Among them:
- The Genius Act, which would establish federal standards for stablecoins and allow private firms to issue digital dollars.
- The CLARITY Act, outlining rules for the use and storage of digital assets.
- The Anti-CBDC Surveillance State Act, which seeks to prevent the Federal Reserve from issuing retail central bank digital currency directly to individuals.
With momentum building and regulatory clarity on the horizon, Bitcoin’s latest milestone may be just the beginning of a broader transformation in global finance.