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Bitcoin Climbs to New High of $123,000 as Crypto Week Begins

Lawmakers are convening Crypto Week to review landmark legislation that could define the future of digital assets.

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Overview

  • Bitcoin surged to an all-time high of $123,205.09 and Ether climbed above $3,000 on July 14, 2025.
  • The U.S. House opened Crypto Week, with plans to debate three major bills: the GENIUS Act on stablecoin reserves, the CLARITY Act on market structure and the Anti-CBDC Surveillance State Act to prohibit central bank digital currencies.
  • Recent inflows into spot Bitcoin ETFs and fresh institutional investments have been identified as key drivers of the current price rally.
  • Market participants are reacting to U.S. fiscal strain and a weakening dollar by shifting speculative demand into cryptocurrencies.
  • Analysts from firms such as IG anticipate Bitcoin could push toward $125,000 if current momentum continues.