The surge in bitcoin, which is up 29% for the year thus far, has sparked a broader rally across other cryptocurrencies over the past few weeks even in the face of Trump’s chaotic tariffs.
New York, July 14, 2025 – In a historic moment for the cryptocurrency world, Bitcoin surged past the $120,000 mark for the first time ever on Monday, hitting a fresh all-time high of $120,700.54. The rally underscores surging investor optimism as U.S. lawmakers begin debating a long-awaited regulatory framework for the digital asset industry.
The world’s most valuable cryptocurrency rose 1.32% in intraday trading, extending its year-to-date gains to nearly 29%, as confidence grows over a potential shift in Washington’s stance on digital assets.Bitcoin jumped nearly 3 percent to cross the $121,000-mark for the first time ever on July 14. The world’s largest cryptocurrency has more than doubled investors’ wealth in one year, gaining over 103 percent during the period.
Starting this week, the U.S. House of Representatives is set to deliberate a series of landmark bills that could shape the future of cryptocurrency regulation in the country. These measures aim to provide clarity, legitimacy, and institutional structure to an industry that has long operated in a patchwork of state and federal guidelines.
The anticipated regulatory reforms are viewed by market participants as a game-changer—unlocking institutional investments, boosting consumer trust, and attracting more innovation in the space.
“This is the policy breakthrough the crypto industry has been demanding for years,” said a senior analyst at CryptoGlobal Markets. “The fact that Congress is finally taking it seriously, coupled with growing political support, is pushing Bitcoin to historic levels.”
Former U.S. President Donald Trump, who is once again making headlines with his 2025 campaign narrative, has declared himself the “crypto president.” He has publicly called on policymakers to revamp regulations to better support blockchain innovation and digital assets, aligning himself with the growing crypto voter base.
Trump’s outspoken support is being seen as a potential tailwind for the industry, especially if the policy conversation gains bipartisan traction.
Bitcoin’s surge is also fueling a wider rally in the crypto space. Ethereum, Solana, and other major tokens have seen double-digit gains over the past two weeks. Despite ongoing geopolitical tensions and economic uncertainty—such as new U.S. tariffs under Trump’s second-term proposals—the crypto market has shown remarkable resilience.
Investors are now closely watching the outcome of the congressional debate and how it will shape the next phase of Bitcoin’s trajectory.
As Bitcoin breaks into uncharted territory, the world will be watching how U.S. policy discussions unfold this week. A structured, favorable regulatory framework could cement Bitcoin’s role in mainstream finance and further fuel this bull run.