Bitcoin Soars to $120,000 Amidst US Crypto Policy Discussions
Bitcoin, the world’s leading cryptocurrency, has reached a historic milestone, surpassing the $120,000 mark for the first time. This surge coincides with ongoing discussions regarding crypto regulations within the United States. On Monday, July 14, 2025, the digital currency was trading at $120,990.05 at 12:35 am ET, reflecting a 2.7% increase. This represents another peak in Bitcoin’s upward trajectory, following a string of record-breaking highs throughout the previous week.
# Factors Fueling Bitcoin’s Ascent
Bitcoin’s impressive performance this year, with nearly a 30% gain, is largely attributed to support from the President Donald Trump administration. A key development was President Trump’s May executive order establishing a strategic bitcoin reserve and digital asset stockpile. According to Dilin Wu, a Research Strategist at Pepperstone, the latest surge in Bitcoin is driven by several factors. Wu points to a “structural rally” fueled by institutional investment, a favorable macroeconomic environment, and a shift in regulatory sentiment. He notes that institutional and corporate investors have been pivotal in this trend. While this positive sentiment is largely playing out in the US, the increased global awareness and adoption of cryptocurrency are also making ripples in Africa, where tech innovators are finding innovative applications for blockchain technology.
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