Key Takeaways:
- New ATH recorded: BTC reached a record-setting $123,000 before pulling back around $122,700 — tagging a ~2% intraday and ~29% year-to-date price increase.
- Regulatory tailwinds: U.S lawmakers are going to discuss essential new laws like the Genius Act, Clarity Act, and Anti-CBDC Surveillance State Act during “Crypto Week,” boosting investor confidence.
- Institutional appetite: Sustained spot ETF inflows are reinforcing a structural supply squeeze, creating a strong upward pressure on Bitcoin’s price.
Bitcoin remains unstoppable in breaking its new highs, extending its breakout to a historical price increase of $123,200 on Monday, before stabilizing around $122,400 as of writing. While the rally continues, it is followed by a streak of record-setting sessions, with BTC already shattering the previous records of $119K and $120K earlier in the week.
Drivers Behind the Move
Starting later in the day, the highly anticipated “Crypto Week” propels the investor sentiment, where the U.S. law makers are expected to discuss about several landmark crypto bills during the event, including the Genius Act, Clarity Act, and the Anti-CBDC Surveillance State Act
According to Investing.com’s latest news, passing these proposed bills could build a stronger foundation to the regulatory frameworks in concern with stablecoins, crypto asset custody, and broader digital financial ecosystem, which are interpreted by investors as a major positive catalyst.
Moreover, the institutional inflows and treasury demand have likely driven the price surge of BTC, thanks to Spot Bitcoin ETFs led by BlackRock’s IBIT attracting over 700,000 BTC (~$83 billion Assets Under Management or AUM). Based on CoinTelegraph’s, this unprecedented capital is being marked as one of the fastest ETF growth rates ever recorded.
John Glover, CEO of Ledn, has provided his insights about the Bitcoin’s historic surge, emphasizing how its potential of reaching new highs by the end of the year.
While this doesn’t change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end," Glover said in an email while referring to BTCUSD 1D price chart.
Meanwhile, as BTC reaches a parabolic move within its continuous rise, short liquidations exceeding $500 million total of short liquidations in the past 5 hours since reaching $122K, according to a post on X by Watcher Guru.
On the other hand, BTC reaching still made an impact on alts, despite the alt-season emergence—ETH has reached $3,000, Solana recorded ~3%, XRP surged ~5-6%, while Dogecoin boosted ~4%.
Bitcoin’s latest surge is mostly attributed to three structural supports including the upcoming new laws being discussed during Crypto Week, institutional inflows, and supply limitations, driving the most popular cryptocurrency to its historic rise. Everyone, particularly the stakeholders, are now looking forward for the following:
- Progress of the ongoing developments of U.S regulatory bills in crypto.
- U.S. inflation data release that might impact the risk appetite and Fed policy.
- If BTC can hold its price above $120K
Summary
On July 14, 2025, Bitcoin surged to a historic all-time high of over $123,000, driven by strong institutional inflows and anticipation surrounding the U.S. “Crypto Week.” The rally is fueled by expectations of regulatory clarity as lawmakers discuss major crypto legislation, including the Genius Act and Anti-CBDC Surveillance State Act. Spot Bitcoin ETFs, particularly BlackRock’s IBIT, have contributed to a supply squeeze, intensifying bullish sentiment. Analysts project BTC could hit $136,000 by year-end. The momentum also lifted other altcoins like ETH, SOL, XRP, and DOGE, while short liquidations surpassed $500 million in hours.
