Overview

• Bitcoin peaked at a record $123,091 on July 14 as spot ETF inflows and pro-crypto policy optimism fueled a surge.
• Traders booked profits after June’s CPI jumped to 2.7%, pulling prices back into the $116,500–$118,000 range.
• U.S. spot Bitcoin ETFs now manage over $153 billion, with inflows exceeding $85 billion over the past year improving liquidity and lowering volatility.
• A failed House procedural vote delayed three key Crypto Week bills even as the GENIUS Act advanced in the Senate Banking Committee.
• MicroStrategy holds more than 600,000 Bitcoin, and corporate treasuries are increasingly using BTC as a macro hedge in response to a weakening dollar.