Bitcoin reaches a new all-time high at $123K
Trump backs crypto in retirement plans
EU and US advance major crypto legislation
The crypto market has seen one of its most dynamic weeks yet, with Bitcoin reaching an all-time high (ATH) of $123,000. This major milestone comes amid a wave of political and regulatory developments shaping the future of digital assets.
Bitcoin Breaks $123K: Market Sentiment Soars
Bitcoin’s surge to $123K marks a historic moment for crypto investors. This jump is fueled by growing institutional adoption and increasing optimism around crypto as a hedge against inflation. Ethereum also rode the wave, gaining popularity due to increased DeFi and NFT activity. Analysts suggest continued momentum could push Bitcoin beyond $130K if bullish conditions persist.
Crypto in US Politics: Trump and Congress Step In
Former President Donald Trump made headlines by supporting crypto as part of 401(k) retirement plans—a move that could potentially mainstream digital assets among average American savers. At the same time, the US House of Representatives passed three significant crypto-related bills. These laws aim to provide clearer regulatory frameworks and enhance investor protection.
Meanwhile, uncertainty surrounds Fed Chair Jerome Powell, with rumors of his resignation creating market volatility. While unconfirmed, such speculation often influences short-term investor behavior.
WuBlockchain Weekly (July 13–18): Bitcoin Hits $123K ATH, Ethereum Booms with High Popularit, Trump Pushes Crypto in 401(k), Doubt over Powell's Resignation, EU AML Crackdown, US House Passes Three Crypto -related Bills, Russia’s Sberbank Plans to Provide Custody Services for…
— Wu Blockchain (@WuBlockchain) July 18, 2025
EU and Russia’s Strategic Crypto Moves
The European Union took a firm stance against illicit crypto activity by tightening anti-money laundering (AML) rules, signaling a no-tolerance approach toward financial crimes in the blockchain space.
Russia’s Sberbank announced plans to offer custody services for domestic digital assets. This indicates a slow but steady acceptance of crypto by major financial institutions, despite ongoing geopolitical tensions.
In another development, the memecoin project PUMP officially launched, sparking strong interest among retail investors, especially after its aggressive marketing campaign and community-driven tokenomics.
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