Bitcoin reached a record value of more than $120 thousand

On Monday, July 14, the Bitcoin cryptocurrency reached a new record high of $122,600. Such results were achieved thanks to the growth of exchange-traded funds, which last Thursday recorded the largest daily inflow in 2025 - $1.18 billion, CNBC reports.

"We believe that Bitcoin’s surge is driven by longer-term institutional buyers and this will propel it to $125k in the next month or two. Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run," said Jeff Mei, chief operating officer of the BTSE cryptocurrency exchange.

Investors believe that this is far from the last record set by Bitcoin this year, as its value will increase due to corporate treasuries actively buying up the cryptocurrency. In addition, the US Congress is close to adopting new legislation to regulate cryptocurrencies and will begin discussing it on Monday as part of "cryptoweek".

The crypto industry has long been waiting for legislative changes, which are also supported by US President Donald Trump. One of the most important bills currently being prepared by the government is the Genius Act, which could establish federal safeguards for US dollar-pegged stablecoins and create the opportunity for private companies to issue digital dollars.

Recall that Bitcoin crossed the $112,000 mark just last Thursday. At the same time, the analytical company 10x Research believes that by the end of the year the value of the cryptocurrency could be between $140,000 and $160,000.