Bitcoin surpasses $120,000, setting a new all-time high
Stock Market Information for Bitcoin (BTC)
- Bitcoin is a cryptocurrency in the cryptocurrency market.
- The price is currently $120,169.00, up $1,379.00 (0.01%) from the previous close.
The intraday high is $122,852.00, and the intraday low is $118,569.00.
Bitcoin has broken through the $120,000 barrier for the first time in its history, even reaching highs near $123,150 on Monday, July 14, 2025.
📈 What's Driving This Rally?
1. Regulatory Expectations in the US
Prices rose as Congress began the so-called "Crypto Week", during which at least three pro-cryptocurrency laws were debated: the Genius Act (stablecoin regulation), the Clarity Act, and the Anti-CBDC Surveillance State Act, which seek to provide regulatory clarity and curb a direct-to-consumer central bank digital currency.
2. Boom in Institutional Investment
Firms like MicroStrategy (renamed Strategy) purchased thousands of BTC at average prices of around $111,800 (Barron's [3]). There has also been a strong influx of Bitcoin ETFs, particularly from large players like BlackRock, integrating Bitcoin into institutional portfolios.
3. Favorable Macroeconomic Context
Financial markets are relatively stable, with expectations that the US Federal Reserve will lower interest rates later this year. This has reinforced the narrative of Bitcoin as “digital gold” in the face of the inflationary outlook.
4. Technical Momentum
Over the past week, prices have rebounded between 9% and 12%, confirming a sustained technical breakout with few signs of immediate reversals.
⚠️ Risks and Warnings
High Volatility: The market is already overbought—the Fear and Greed Index reached 70—and analysts warn of possible technical pullbacks, potentially toward $118,800.
Legislation Dependence: Much of the optimism is tied to the passage of legislation. If the bills do not advance, the market reaction could be negative.
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Bitcoin has not only surpassed $120,000, but has also set an all-time high driven by a convergence of regulatory, macroeconomic, and institutional factors. The debate in the US Congress will be key to determining the continuation of this bull market.
