Bitcoin’s price reached a historic high early Monday morning, July 14, 2025. Capping off a weekend rally fueled by record ETF inflows, investor optimism, and growing institutional interest.

The milestone coincides with “Crypto Week” in Washington, D.C., where lawmakers are split between advancing pro-crypto legislation and spotlighting “blatant corruption” tied to the Trump administration’s digital asset involvement.

CoinMarketCap reported bitcoin’s price rally that peaked at $123,091.61 early morning on July 14, 2025, setting a new all-time high.

Bitcoin’s price has now gained more than 30% since January, rebounding from an April low of just above $75,000. Institutional inflows into bitcoin exchange-traded funds have bolstered the surge and the anticipation of pro-crypto legislation in Congress.

ETH, Sol, XRP, among other top cryptocurrencies, also posted gains. The total crypto market capitalization now stands at approximately $3.8 trillion.

On Thursday alone, bitcoin ETFs saw $1.18 billion in net inflows — the largest single-day total of 2025. Funds such as BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin ETF have played a key role in driving mainstream access to the asset.

In a post on X, Eric Balchunas, senior ETF analyst at Bloomberg, noted that because of “recent flows and the overnight rally, [the fund]

is already at $88 billion.” He went on to say that “at only 1.5 years old, it is now the 20th largest ETF in the U.S,” making it the seventh largest for BlackRock, and their number one most profitable ETF.

Bitcoin policy momentum includes the Generational Economic National Innovation for U.S. Strategy, known as the GENIUS Act, a bipartisan bill that introduces the first federal framework for regulating stablecoins. The GENIUS Act cleared the Senate Banking Committee last month and is expected to continue making progress.

The GENIUS Act defines payment stablecoins as digital assets that must be redeemable at a fixed value, like one U.S. dollar. Issuers are required to back each stablecoin with an equal amount of approved reserve assets, such as Treasury bills, insured bank deposits, or central bank reserves. These reserves can only be used for redemptions or specific collateralized transactions. Issuers must follow rules on capital, liquidity, and risk management but are exempt from traditional bank capital requirements. They must also provide clear redemption policies, disclose reserve holdings, and undergo third-party audits. Those with over $50 billion in circulation must submit annual audited financial statements.

The bill also bans interest payments on stablecoins and imposes strict anti-money-laundering and sanctions compliance, with restrictions on executives with financial crime convictions.

Banks, credit unions, or qualified nonbanks can issue stablecoins. Issuers with over $10 billion must operate under federal oversight, while smaller nonbanks may opt for a state-based regime if it aligns with federal standards.

The bill outlines rules for foreign stablecoins and allows their use if regulatory standards are met. Custodians must keep customer funds separate from their own, and banks can use blockchain to manage stablecoin services. In the event of bankruptcy, stablecoin holders are prioritized for repayment.

The bill clarifies that payment stablecoins are not securities or commodities and prohibits misleading marketing or bundling. Senior federal officials must disclose stablecoin holdings above $5,000.

Bitcoin’s rally arrives during what has been dubbed “Crypto Week” in Washington, a series of policy hearings, roundtables, and advocacy events across Capitol Hill focused on the digital asset economy.

“We are taking historic steps to ensure the United States remains the world’s leader in innovation, and I look forward to ‘Crypto Week’ in the House,” said Rep. French Hill, chairman of the House Financial Services Committee.

Among the events scheduled are a House Ways and Means hearing on crypto tax policy, a Dodd-Frank retrospective touching on decentralized finance, and ongoing closed-door meetings between Senate staff and industry stakeholders.

At the same time, Democrats on the House Financial Services Committee have launched a coordinated effort labeled “Anti-Crypto Corruption Week,” aimed at countering what they describe as “regulatory capture” and ethical lapses related to digital assets.

Rep. Maxine Waters, D-Calif., is leading the Democratic campaign, which includes public statements, investigative memos and proposed legislation. A key focus is President Donald Trump’s memecoin. This collectible $TRUMP coin, launched in early 2025, has been promoted by individuals associated with the Trump campaign and has drawn scrutiny over its financial and political implications.

President Donald Trump has aggressively embraced Bitcoin and digital assets during his second term. In March, he issued an executive order creating a “Strategic Bitcoin Reserve” also stating that he is “very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.”

The Trump administration’s recent actions, including the removal of key SEC staff focused on digital asset enforcement, have raised questions about whether regulatory safeguards are being scaled back. At the same time, the administration’s pro-crypto stance has been viewed by some in the industry as a potential catalyst for U.S. leadership in digital innovation. Still, the alignment presents a cultural tension.

While Bitcoin promotes decentralization and resistance to centralized control, the political branding surrounding Trump often emphasizes hierarchy, loyalty, and singular leadership.

Despite growing controversy, Bitcoin’s climb to $123,000 marks one of the fastest in its 16-year history. After reaching $100,000 in December and $110,000 by late May, it added another $13,000 in just 53 days. The rally follows a volatile first half of 2025, including a sharp April dip driven by regulatory uncertainty and rising Treasury yields. Renewed ETF inflows and clearer policy signals have since reignited momentum.

This new high is more than a market milestone. It highlights Bitcoin’s expanding role in the financial system and intensifies the debate over how digital assets should be regulated. The rally has reinforced the view that Bitcoin is moving closer to mainstream financial acceptance.

Whether the GENIUS Act can provide lasting structure, or whether political infighting and memecoin speculation undercut trust, may become clearer in the weeks ahead.

Bitcoin’s record-setting price arrives at a pivotal moment for United States crypto policy. As lawmakers debate comprehensive regulation and examine political connections to the industry, the market appears to be pricing in long-term legitimacy. What happens next in Washington could shape the future of Bitcoin and the broader digital asset economy.