On July 14, during the Asian trading session, Bitcoin experienced a crazy moment—a strong breakthrough of $120,000, firmly standing above $119,000! This surge is primarily driven by soaring institutional investor demand, and the upcoming 'Cryptocurrency Week' in Washington has added fuel to the market.
Bitcoin skyrockets: institutional buying + coin shortage, the market has completely exploded.
Looking back on July 13, Bitcoin broke through $119,000, with institutional buying surging, exchange reserves sharply decreasing, and technical indicators favorable—these three forces made the upward trend unstoppable. By the 14th, it accelerated directly, easily breaking through the $120,000 mark!
The market is buzzing about 'large enterprises buying in bulk.' CoinMarketCap data shows that corporate funds purchased over $554 million this week. Although there's no solid proof, this pattern feels too familiar—back when MicroStrategy made its crazy acquisitions, Bitcoin took off directly, and rumors of institutional buying have always been a precursor to surges!
Traditional finance is also crazily 'embracing' Bitcoin: in the past week, Bitcoin spot ETFs raked in $1.18 billion. Even with the global economy in chaos, investors are recognizing Bitcoin as a 'safe-haven asset', capable of resisting risks while making big profits in turmoil—who wouldn’t love that?
'Cryptocurrency Week' is here! Is a major regulatory change coming?
The U.S. House of Representatives is about to make a big move! During 'Cryptocurrency Week', three major bills are under intense review: the (CLARITY Act) (defining crypto regulation), the (GENIUS Act) (stablecoin framework, already passed the Senate), and the (Anti-Central Bank Digital Currency Surveillance Act) (prohibiting the issuance of a U.S. CBDC). Once passed, there will be a 'regulatory blueprint' for stablecoins, crypto custody, and digital financial ecosystems, and the industry will undergo a transformation!
Mason Lynaugh, director of the Stand With Crypto community supported by Coinbase, stated: 'This is a critical juncture for the crypto industry; the future direction depends on this week!' Even more explosive is that Chinese regulatory authorities held a strategic meeting last week, conveying stablecoin and digital currency policies to local officials—although crypto trading hasn't been relaxed yet, the attitude is clearly changing, and it’s worth keeping a close watch!
Bitcoin's future: supply-demand imbalance + institutional long-term layouts, is $200,000 not a dream?
Bitwise's investment director Matt Hougan has declared: the upward momentum cannot be stopped! Bitcoin's supply and demand are completely imbalanced—only 450 new coins are mined daily, while recently ETFs exploded with purchases of 10,000 coins in a single day. Institutional entry is not just 'playing around'; it’s a 'long-term layout'—this wave of demand is likely to continue for several years, and it would be unusual if prices don’t reach new highs!
He further pointed out Bitcoin's 'wealth code': with the economy and geopolitics in disarray, funds are flowing wildly towards crypto assets. Bitcoin is a 'digital wealth vault'; without relying on banks, the more severe the tariffs and geopolitical risks, the more people want to 'digitally stash money.' This demand supports prices, making it hard not to rise!
The market is directly calling for 'looking at $200,000 by the end of the year!' If institutional buying continues to explode and the supply-demand gap keeps widening, Bitcoin could really push towards $200,000; no one wants to miss this celebration!
There are also big moves: Dubai aims to become a 'crypto payment paradise.'
Emirates Airlines and Crypto.com officially announced a partnership to promote crypto payments in the Dubai tourism sector! Dubai's duty-free shops have also signed memorandums of understanding with global crypto exchanges to facilitate 'digital asset consumption' both online and offline. Leveraging millions of visitors at Dubai International Airport, they aim to position Dubai as a 'benchmark for crypto payment travel,' perfectly aligning with Dubai’s D33 economic plan, sprinting towards becoming a 'global innovation and smart economy center'—the 'real-world applications' of cryptocurrencies are truly coming to fruition this time!
This wave of crypto market storm is led by Bitcoin, with regulatory changes, shifts in China's stance, and Dubai ramping up applications—does the industry face a 'historic turning point'? Whether old players or observers, everyone needs to pay close attention—this wave might rewrite the future of the entire crypto world!#BTC突破12万大关 