Overview
- Bitcoin reached a fresh high of about $122,000 on July 14, marking a new all-time peak for the cryptocurrency.
- U.S. spot Bitcoin ETFs saw net inflows of $1.18 billion last week, with BlackRock’s IBIT leading the gains.
- The U.S. House opens “Crypto Week” with debates on three bills aimed at defining digital-asset regulation.
- President Trump’s pro-crypto stance and Trump Media & Technology Group’s application for a Crypto Blue Chip ETF have reinforced bullish sentiment.
- Altcoins including Ethereum, Ripple and Cardano posted double-digit weekly gains, helping push the total market capitalization near $3.7 trillion on Fed rate-cut expectations.