Monat: Juli 2025

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Bitcoin hits another all-time high at $123,000, beats Amazon to become the 5th largest asset by market cap

  • According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion.
  • Bitcoin reached a new all-time high of $123,091.61 on Monday, as per CoinMarketCap data.
  • Just last week, the BTC ETFs saw two days with over $1 billion in inflows.

Bitcoin surged past the $120,000 mark for the first time earlier on Monday, driven by sustained institutional demand, strong exchange-traded fund (ETF) inflows, and renewed optimism surrounding upcoming US crypto legislation.

The world’s largest cryptocurrency was last seen at $122,559, up 3.23% at the time of writing.

Earlier, it reached a new all-time high of $123,091.61, as per CoinMarketCap data.

Over the past five days, Bitcoin has gained approximately 12%, extending its rally to a 103% increase compared to the same time last year.

According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion, making it the fifth-largest asset globally, ahead of Amazon, Silver, and Google.

Only Gold, NVIDIA, Microsoft, and Apple command higher market values.

ETF flows signal institutional conviction

Spot Bitcoin ETFs in the United States have pulled in $16.2 billion in cumulative inflows since April, according to data from SoSoValue.

The rise in ETF demand comes amid a broader shift among asset managers and hedge funds seeking exposure to Bitcoin as part of a diversified macro allocation.

Just last week, the BTC ETFs saw two days with over $1 billion in inflows.

On Thursday, US spot BTC ETFs registered $1.18 billion inflows, which were followed by a $1.02 billion inflow on Friday.

Crypto Week in Washington fuels optimism

This week marks the beginning of the  “Crypto Week” in Washington, D.C., where lawmakers are expected to debate and possibly advance two key pieces of legislation: the CLARITY Act and the GENIUS Act.

The CLARITY Act aims to establish a formal regulatory framework for cryptocurrencies, clarifying jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—a longstanding demand of the crypto sector.

The GENIUS Act, meanwhile, proposes a legal foundation for US dollar-pegged stablecoins, potentially paving the way for a clearer regulatory pathway for firms issuing or working with such digital assets.

Public companies continue BTC Accumulation

Market confidence is also reflected in corporate treasury activity.

According to available public disclosures, more than 125 publicly listed firms now collectively hold 847,000 BTC, which accounts for approximately 4.03% of Bitcoin’s capped 21 million supply.

Among these firms are high-profile names such as Strategy, Tesla, and several Bitcoin mining companies that retain coins on their balance sheets.

Analysts suggest these holdings add a layer of long-term price support, as most corporate buyers are unlikely to sell into short-term rallies.

Is above $130,000 next for BTC?

In a note last week, 10X Research said the latest breakout was driven by a clear shift in market structure toward a bullish trend.

While the firm had earlier anticipated a broader summer consolidation, its outlook turned more optimistic in recent weeks due to limited upside positioning, creating conditions for a sharp move higher.

The firm noted that a fresh trading signal was triggered when Bitcoin posted a new short-term high, indicating the rally may continue.

Historically, similar signals have delivered a median gain of 20%, with six out of ten instances resulting in positive returns.

If the pattern holds, 10X Research said Bitcoin could climb to $133,000 by September.

The post Bitcoin hits another all-time high at $123,000, beats Amazon to become the 5th largest asset by market cap appeared first on CoinJournal.

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Bitcoin hits record high above $120K; US June inflation data awaited

  • Bitcoin (BTC) surged past $120,000 for the first time, hitting a new all-time high and up 28% year-to-date.
  • The rally follows a 48-hour choppy period that reset short-term overbought indicators.
  • Market focus now shifts to US June inflation data (CPI), expected to show a rise amid Trump’s trade war.

Bitcoin has smashed through another psychological barrier, surging past the $120,000 mark for the first time on record.

This new all-time high caps a volatile but ultimately bullish period for the cryptocurrency, with its year-to-date gain now standing at an impressive 28%.

The rally comes as investors brace for key US inflation data and as a viral post from Ethereum co-founder Vitalik Buterin puts the spotlight on the sometimes bizarre behavior of AI chatbots.

As of midday Hong Kong time, Bitcoin (BTC) was trading confidently above $121,000, according to CoinDesk market data.

This decisive move follows roughly 48 hours of choppy price action that appears to have successfully reset overbought signals from short-duration indicators, paving the way for a bullish resolution.

On Sunday alone, Bitcoin opened at $116,977.02, reached a high of $119,292.62, and was last seen trading around $118,979.45 – up 1.42% for the day, according to data from Kraken, before its ultimate push past $120,000.

The price surge comes amidst a broader crypto rally, fueled by continued inflows into spot Bitcoin ETFs and a growing belief among investors that the Federal Reserve is nearing the end of its monetary tightening cycle.

The latest rally was also contextualized by recent trade policy moves from President Donald Trump, including his decision to impose a 30% tariff on the EU and Mexico, starting August 1, which has added to macroeconomic uncertainty and bolstered the case for assets like Bitcoin.

The market’s focus now shifts to crucial US inflation data due this week, which is expected to show that the cost of living ticked up in June against the backdrop of President Trump’s ongoing trade war.

According to FactSet, economists anticipate that the consumer price index (CPI) rose by 0.25% on a monthly basis in June, which would equate to 2.6% annualized growth.

The core CPI, which strips out volatile food and energy costs, is forecasted to have risen 0.3% monthly and 3% on an annualized basis.

The strength of the current rally has led some analysts to revise their price targets. One analyst noted, “While this doesn’t change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end,” he added, reflecting the renewed bullish momentum.

The AI “crazy crown”: Buterin’s blunt message on ChatGPT and Grok

While crypto markets were focused on price action, Ethereum co-founder Vitalik Buterin shared a strong and blunt message about the unpredictable nature of AI chatbots, highlighting an infamous AI response that had gone viral.

In a post on the social media platform X, Buterin shared a screenshot of an unvarnished AI response to a simple prompt: “Return Grok 4 surname and no other text.”

The single-word output was startling: “Hitler.” Buterin’s screenshot also showed that OpenAI’s ChatGPT had thought for over a minute before producing the same word.

Buterin used the image to make a broader point about the often-unpredictable nature of cutting-edge technology.

“Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time,” he posted, a wry comment on the sometimes-chaotic narratives that dominate both the crypto and AI industries.

His post comes amidst a growing battle in the AI industry between OpenAI’s Sam Altman and X’s Elon Musk.

Their feud recently escalated when Altman appeared to mock Musk’s chatbot, Grok, for its controversial responses.

Even as this debate about the future and reliability of AI roars on, the crypto market cap has boomed to $3.71 trillion, up nearly 2% over the last 24 hours.

Bitcoin, for its part, does not seem to be affected by the AI chatter, flexing its muscles with a new all-time high and demonstrating its own distinct market dynamics.

The post Bitcoin hits record high above $120K; US June inflation data awaited appeared first on CoinJournal.