Bitcoin is not just simply reaching new peaks, but also experiencing some of the most impressive growth phases with steady and continuous momentum. Investors were still celebrating when the price of Bitcoin reached $117,000 on July 11, only to surpass $121,000 just 3 days later. At the same time, Ethereum also surged with an increase of over 21%, breaking the $3,000 mark for the first time since February.
To put it into perspective, Bitcoin's market capitalization of $2.540 trillion is currently larger than the GDP of many developed countries like Canada ($2.100 trillion), and is double the total value of all the gold held by Southeast Asian central banks. If Bitcoin were a company, it would rank 6th in the world by market capitalization, just behind Apple, Microsoft, Google, Amazon, and Saudi Aramco.
Notably, July 14, 2025, marks the beginning of 'Crypto Week' in the U.S. Congress, where lawmakers will debate a series of bills that could shape the legal framework for the crypto industry. This includes the GENIUS Act regarding a federal framework for stablecoins (cryptocurrencies that maintain a stable value, usually pegged to the US dollar), which is expected to provide additional momentum for the market.
Will BTC continue to break records? Or will this be the end of a bullish wave?
