BTC Hits Record $122,979 as MicroStrategy Buys 4,225 BTC and ETF Inflows Fuel Surge

Bitcoin (BTCUSDT) experienced significant volatility in the past 24 hours, reaching a new all-time high of $122,979.87 on July 14, 2025, before pulling back to a current price of $117,103.46 on Binance, representing a 2.25% decrease from the previous 24-hour open. The price surge was primarily driven by strong institutional activity, including MicroStrategy’s acquisition of 4,225 BTC, increasing its total holdings to 601,550 BTC, and continued inflows into Bitcoin ETFs. Optimism around potential favorable crypto regulations in the United States and anticipation of key policy discussions in Washington also contributed to the rally. The subsequent price correction is seen as a healthy retracement after the rapid gains, with trading volume remaining robust at $93.08 billion on Binance and Bitcoin’s market capitalization estimated at approximately $2.33 trillion. Overall, institutional demand and regulatory developments have been the main drivers of recent price movements, while the market remains active and sentiment bullish despite the short-term pullback.