1. Bitcoin Tops $122K Amid ‘Crypto Week’ Buzz
Bitcoin surged above $120,000 for the first time—peaking at $122,571—driven by institutional inflows, expectations around upcoming U.S. crypto legislation (GENIUS, CLARITY, and anti-CBDC bills), and support from President Trump, who calls himself the “crypto president.” Ether also reached a 5‑month high near $3,060 .
2. U.S. House Launches ‘Crypto Week’ with Major Bills on Deck
The U.S. House officially declared July 14–18 as “Crypto Week,” aiming to advance three key bills: the GENIUS Act (stablecoin oversight), the CLARITY Act (defining SEC vs. CFTC authority), and the Anti‑CBDC Surveillance State Act. Proponents believe this could finally bring clarity—and momentum—to the crypto industry .
3. Bitcoin Seen as Long‑Term Reserve Asset
Analysts note that institutions—including family offices and even central banks—are increasingly viewing Bitcoin as a reserve asset. Okx’s Singapore CEO highlighted its growing appeal amid macro uncertainty and as part of broader portfolio diversification .
4. Crypto ETF Mania Hits Hong Kong Exchanges
Hong Kong crypto ETFs from China AMC, Harvest, and Bosera reached record highs, mirroring U.S. optimism. Investors across Asia are piling in ahead of “Crypto Week” in Washington, reinforcing optimism around global ETF growth .
