Overview

• Bitcoin climbed to an intraday high of $123,153 before trading near $122,000, marking its strongest performance yet in 2025.
• The US House of Representatives has kicked off “Crypto Week” to debate the Genius Act, Clarity Act and Anti-CBDC Surveillance State Act aimed at establishing federal digital-asset rules.
• Institutional investors and corporate treasuries have poured roughly $15 billion into US spot Bitcoin ETFs over the past six to eight weeks, driving sustained demand.
• Ethereum and XRP have surged about 20% and 30% respectively this week, lifting the total cryptocurrency market capitalization toward the $4 trillion threshold.
• Market participants point to expectations of Federal Reserve rate cuts, a softer dollar and President Trump’s “crypto president” backing as key catalysts for the rally.