Bitcoin’s (BTCUSD) march to new heights has entered a remarkable phase. Trading above $122,000 on July 14, the cryptocurrency has more than doubled annually, marking an explosive run that has drawn global attention. Indeed, the digital currency’s steep ascent speaks volumes about the current political and financial climate.
In what is being called “Crypto Week,” the U.S. House of Representatives is preparing to debate legislation aimed at turning the U.S. into a regulatory haven for crypto innovation. U.S.-listed Bitcoin exchange-traded funds (ETFs) recorded over $2.7 billion in inflows last week alone, one of their strongest stretches since inception in 2024.
