Bitcoin Surges Beyond $122,000, Achieving Record High

Bitcoin attained a record-breaking value of $122,500 on Coinbase on July 14, marking a significant milestone in the cryptocurrency market. The digital asset has seen a 3.5% increase, surpassing the $120,000 mark. This surge began on July 11 when Bitcoin broke new ground by surpassing $118,000 and has continued into the following week.

The United States House has marked July 14 to 18 as "Crypto Week," with three crucial industry bills up for review. Speculations are rife about a possible announcement on a US strategic Bitcoin reserve. Bitcoin's market capitalization now stands at $2.4 trillion, making it larger than Amazon. The real-world asset tokenization category is leading the way, with a 13% increase, outperforming meme coins and AI tokens.