Bitcoin surpassed $120,000 on Monday, July 14, 2025 reaching an all time record for the first time in the crypto world.
Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000.
Later in the day, the U.S. House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded.
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Those demands have resonated with U.S. President Donald Trump, who has called himself the “crypto president” and urged policymakers to revamp rules in favour of the industry.
“It’s riding a number of tailwinds at the moment,” said IG market analyst Tony Sycamore, citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness.
“It’s been a very, very, strong move over the past six or seven days, and it’s hard to see where it stops now. It looks like it can easily have a look at the $125,000 level,” he said.
The surge in bitcoin, which is up 30% so far this year, has sparked a broader rally across other cryptocurrencies over the past few sessions, even in the face of Trump’s chaotic tariff policies.