Bitcoin just reached a new all-time high of $122,500 on Coinbase on July 14. Other exchanges showed a similar price, with CoinGecko reporting $122,376.
The price of Bitcoin went up 3.5% in one day, continuing a strong rally that began on July 11, when it first crossed $118,000.
Why Is Bitcoin Going Up?
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The U.S. is calling July 14–18 “Crypto Week”, where three big crypto laws will be discussed:
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GENIUS Act (about stablecoins)
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CLARITY Act (clear rules for crypto)
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CBDC Ban Act (stop central bank digital currencies)
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Some think the U.S. might announce a national Bitcoin reserve.
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Others say Donald Trump’s new spending plan and the growing U.S. debt are helping push Bitcoin higher.
Bitcoin Is Bigger Than Amazon
Bitcoin’s total value (market cap) is now $2.4 trillion, making it more valuable than Amazon.
Other Crypto Updates
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The real-world asset token category (RWA) grew 13%, beating memecoins and AI tokens.
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Coins like Chainlink, Avalanche, Ondo Finance, and Algorand are also doing better than most.
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Ethereum also went up, reaching $3,050, its highest since early February.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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