Overview

• Bitcoin surged past $120,000 on July 14 for the first time, setting a new all-time high.
• U.S. spot Bitcoin ETFs recorded a record $1.18 billion of inflows between July 12 and 14, sustaining upward price momentum.
• The U.S. House launched Crypto Week to consider the CLARITY, Anti-CBDC Surveillance State and GENIUS Acts aimed at a federal digital-asset framework.
• Analysts say Trump-era tariffs, robust fiscal spending and expectations of Federal Reserve rate cuts have created a supportive ‘Goldilocks’ environment.
• Coinbase CEO Brian Armstrong predicted that integrating crypto wallets with AI models could trigger a major innovation wave in digital finance.