By Bitcoin surged to a record $120,990 early on July 14, 2025, riding momentum from massive institutional demand and ETF inflows. Up around 30% year-to-date, this milestone aligns with renewed optimism in crypto-friendly regulatory shifts and a favorable macro backdrop The Wall Street Journal+3MarketWatch+3YouTube+3The Times of India+3Reuters+3Stocktwits+3Ground News+1Stocktwits+1markets.businessinsider.com+1Reuters+1.
Key drivers include strong institutional and corporate investment—prompted by Bitcoin’s dual appeal as a hedge asset and a growth proxy, similar to tech equities markets.businessinsider.com. The recent approval of U.S. spot Bitcoin ETFs and political support, especially from President Trump’s policy shifts—including a proposed digital asset reserve—boosted confidence Moneyweek+1The Wall Street Journal+1.
Crypto Week in Washington is adding fuel: bills like the Genius Act, Digital Asset Market Clarity Act, and Anti-CBDC Act are moving forward in Congress—cementing crypto’s institutional legitimacy Stocktwits+2Financial Times+2Reuters+2.
Across the broader crypto market, Ether surpassed $3,000, and the total market cap surged to over $3.8 trillion .
However, experts caution on the risks tied to policy shifts, tech correlations, and Bitcoin’s deepening ties to macro market cycles.